The Campbell Soup Company (NASDAQ:CPB) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,051 shares of the company’s stock after selling 11,223 shares during the quarter. Prudential Financial Inc.’s holdings in Campbell Soup were worth $4,706,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CPB. Sherman Asset Management Inc. acquired a new stake in Campbell Soup during the 4th quarter worth approximately $36,000. Principal Securities Inc. increased its position in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co purchased a new position in shares of Campbell Soup in the 4th quarter valued at $42,000. Quent Capital LLC lifted its holdings in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Campbell Soup during the 4th quarter worth $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group reduced their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Wells Fargo & Company reduced their price target on 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. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Royal Bank of Canada dropped 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 note on Thursday, March 6th. Finally, DA Davidson decreased their target price on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.86.

Campbell Soup Stock Up 0.5 %

Shares of Campbell Soup stock opened at $39.92 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average price of $39.10 and a 200 day moving average price of $42.92. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The firm has a market cap of $11.90 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 return on equity of 23.79% and a net margin of 5.57%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is presently 90.17%.

Insider Buying and Selling

In other news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.19% of the stock is owned by company insiders.

Campbell Soup Company 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.