AlphaQuest LLC Acquires Shares of 4,945 The Campbell Soup Company (NASDAQ:CPB)

AlphaQuest LLC acquired a new stake in The Campbell Soup Company (NASDAQ:CPB) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,945 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Campbell Soup by 43.8% during the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after purchasing an additional 2,809 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Campbell Soup by 161.8% during the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock worth $7,801,000 after purchasing an additional 115,122 shares in the last quarter. ING Groep NV purchased a new stake in shares of Campbell Soup during the 4th quarter worth $1,062,000. Finally, Hussman Strategic Advisors Inc. boosted its position in shares of Campbell Soup by 133.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $6,156,000 after purchasing an additional 84,000 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 20.19% of the company’s stock.

Campbell Soup Trading Down 0.1 %

Shares of CPB stock opened at $38.42 on Monday. The firm has a market cap of $11.46 billion, a P/E ratio of 20.99, a PEG ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The firm’s 50-day simple moving average is $39.16 and its 200-day simple moving average is $43.84.

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

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.06%. Campbell Soup’s payout ratio is currently 90.17%.

Analyst Ratings Changes

Several equities research analysts recently commented on CPB shares. Barclays decreased their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Citigroup decreased their price objective on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Finally, Royal Bank of Canada decreased their price objective on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.23.

Campbell Soup Profile

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.