5,855 Shares in The Campbell Soup Company (NASDAQ:CPB) Purchased by Allstate Corp

Allstate Corp bought a new stake in shares of The Campbell Soup Company (NASDAQ:CPB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,855 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sherman Asset Management Inc. acquired a new position in shares of Campbell Soup during the fourth quarter worth approximately $36,000. Principal Securities Inc. raised its stake in Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new position in Campbell Soup during the 4th quarter worth $42,000. Quent Capital LLC grew its stake in shares of Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Campbell Soup during the fourth quarter valued at $47,000. Institutional investors own 52.35% of the company’s stock.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now directly owns 37,590 shares in the company, valued at approximately $1,504,727.70. This represents a 6.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Down 1.3 %

Shares of Campbell Soup stock opened at $39.39 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The stock has a 50-day moving average price of $39.14 and a 200 day moving average price of $42.82. The company has a market cap of $11.75 billion, a P/E ratio of 21.52, a P/E/G ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s payout ratio is currently 90.17%.

Analysts Set New Price Targets

CPB has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Stifel Nicolaus cut their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. BNP Paribas upgraded Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Morgan Stanley initiated coverage on Campbell Soup in a report on Monday, March 24th. They set an “equal weight” rating and a $40.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup has an average rating of “Hold” and a consensus price target of $44.86.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.