Proficio Capital Partners LLC Purchases Shares of 39,744 The Campbell Soup Company (NASDAQ:CPB)

Proficio Capital Partners LLC purchased a new stake in The Campbell Soup Company (NASDAQ:CPB) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 39,744 shares of the company’s stock, valued at approximately $1,664,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CPB. Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Royal Bank of Canada dropped their target price on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price target on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Bank of America dropped their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a report on Thursday, March 6th. Finally, BNP Paribas upgraded Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.23.

Campbell Soup Stock Down 0.8 %

Shares of CPB stock opened at $38.50 on Thursday. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The stock has a market cap of $11.48 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.71 and a beta of 0.15. The stock has a 50 day moving average of $39.11 and a 200 day moving average of $43.69. 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 announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup’s revenue for the quarter 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 year.

Campbell Soup Dividend Announcement

The firm 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 of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.05%. Campbell Soup’s payout ratio is 90.17%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.19% of the stock is currently 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.