US Bancorp DE Reduces Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

US Bancorp DE lessened its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,068 shares of the company’s stock after selling 5,503 shares during the period. US Bancorp DE’s holdings in Campbell Soup were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in Campbell Soup in the third quarter valued at approximately $39,000. Principal Securities Inc. increased its holdings in shares of Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new position in shares of Campbell Soup in the 4th quarter valued at $42,000. Quent Capital LLC boosted its holdings in Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after buying an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Campbell Soup during the fourth quarter valued at $47,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Royal Bank of Canada reduced their price target on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. DA Davidson restated a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company decreased their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and an average price target of $46.36.

Campbell Soup Trading Up 5.1 %

Shares of CPB opened at $41.81 on Monday. The firm’s fifty day moving average is $39.39 and its two-hundred day moving average is $44.26. The stock has a market cap of $12.47 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. 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 Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm 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% compared to the same quarter last year. Research analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 3.73%. Campbell Soup’s dividend payout ratio is presently 90.17%.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is currently owned by company insiders.

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.