Caprock Group LLC Sells 3,503 Shares of The Campbell Soup Company (NASDAQ:CPB)

Caprock Group LLC lessened its holdings in The Campbell Soup Company (NASDAQ:CPB) by 34.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,767 shares of the company’s stock after selling 3,503 shares during the quarter. Caprock Group LLC’s holdings in Campbell Soup were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in Campbell Soup during the 3rd quarter valued at $34,000. Ashton Thomas Securities LLC purchased a new position in Campbell Soup during the 3rd quarter valued at about $39,000. Friedenthal Financial bought a new stake in shares of Campbell Soup during the third quarter valued at about $48,000. Farther Finance Advisors LLC lifted its stake in Campbell Soup by 45.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock worth $87,000 after purchasing an additional 552 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Campbell Soup by 170.7% in the third quarter. Assetmark Inc. now owns 1,819 shares of the company’s stock worth $89,000 after purchasing an additional 1,147 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

Shares of CPB opened at $37.48 on Friday. The firm has a market cap of $11.17 billion, a PE ratio of 20.48, a P/E/G ratio of 2.67 and a beta of 0.19. 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 $37.01 and a 1-year high of $52.81. The firm has a fifty day simple moving average of $40.99 and a two-hundred day simple moving average of $45.61.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. On average, equities analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.39 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.16%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction 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 sale, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 20.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CPB. Wells Fargo & Company decreased their target price on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays dropped their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Monday, December 2nd. Citigroup cut their price objective on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Finally, Stifel Nicolaus reduced 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.17.

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.