The Campbell Soup Company (NASDAQ:CPB) Position Lowered by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in The Campbell Soup Company (NASDAQ:CPB) by 7.3% in the fourth quarter, Holdings Channel reports. The firm owned 38,517 shares of the company’s stock after selling 3,012 shares during the quarter. Wellington Management Group LLP’s holdings in Campbell Soup were worth $1,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPB. Ballentine Partners LLC grew its position in shares of Campbell Soup by 2.8% in the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after acquiring an additional 262 shares in the last quarter. Principal Securities Inc. lifted its stake in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares during the last quarter. SPC Financial Inc. boosted its holdings in Campbell Soup by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock worth $569,000 after purchasing an additional 300 shares during the period. Ascent Wealth Partners LLC increased its stake in Campbell Soup by 1.5% during the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock valued at $845,000 after purchasing an additional 306 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Campbell Soup by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock worth $323,000 after purchasing an additional 319 shares during the period. 52.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CPB has been the subject of several research reports. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Consumer Edge restated an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Citigroup lowered their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a report on Thursday, March 6th. Bank of America cut their price target on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. downgraded Campbell Soup from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and an average target price of $44.86.

Insider Activity at Campbell Soup

In related news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now directly owns 37,590 shares of the company’s stock, valued at $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.19% of the company’s stock.

Campbell Soup Stock Up 1.0 %

Campbell Soup stock opened at $38.14 on Friday. The Campbell Soup Company has a 52 week low of $36.02 and a 52 week high of $52.81. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.71 and a beta of 0.19. The company’s 50-day moving average price is $39.00 and its two-hundred day moving average price is $42.08. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company 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 $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.09%. Campbell Soup’s dividend payout ratio (DPR) is 90.17%.

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.