Envestnet Portfolio Solutions Inc. Has $569,000 Position in The Campbell Soup Company (NASDAQ:CPB)

Envestnet Portfolio Solutions Inc. cut its stake in The Campbell Soup Company (NASDAQ:CPB) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,585 shares of the company’s stock after selling 811 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Campbell Soup were worth $569,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. grew its holdings in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after acquiring an additional 531,281 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Campbell Soup in the fourth quarter valued at about $21,312,000. Amundi increased its position in Campbell Soup by 23.9% during the fourth quarter. Amundi now owns 1,958,238 shares of the company’s stock worth $76,823,000 after acquiring an additional 377,307 shares during the period. Finally, Galvin Gaustad & Stein LLC acquired a new stake in Campbell Soup in the 4th quarter worth about $14,769,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Trading Up 0.3 %

NASDAQ CPB opened at $38.18 on Wednesday. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. 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’s fifty day moving average is $39.06 and its 200 day moving average is $43.32.

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

Campbell Soup Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 4.09%. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Insider Buying and Selling

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

CPB has been the topic of several recent research reports. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. JPMorgan Chase & Co. downgraded Campbell Soup from an “overweight” rating to a “neutral” rating and cut their target price for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Barclays decreased their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Finally, Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell Soup in a research report on Monday, March 17th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.