Victory Capital Management Inc. Has $18.76 Million Position in The Campbell Soup Company (NASDAQ:CPB)

Victory Capital Management Inc. cut its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 62.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 447,891 shares of the company’s stock after selling 744,719 shares during the quarter. Victory Capital Management Inc. owned 0.15% of Campbell Soup worth $18,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ballentine Partners LLC grew its holdings in shares of Campbell Soup by 2.8% during the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after purchasing an additional 262 shares during the last quarter. Principal Securities Inc. boosted its position in Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares during the period. Ascent Wealth Partners LLC grew its holdings in Campbell Soup by 1.5% during the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock worth $845,000 after acquiring an additional 306 shares during the last quarter. HB Wealth Management LLC increased its position in Campbell Soup by 4.3% in the 4th quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock valued at $323,000 after acquiring an additional 319 shares during the period. Finally, Spire Wealth Management raised its stake in shares of Campbell Soup by 29.6% during the fourth quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock valued at $59,000 after acquiring an additional 321 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on CPB. Royal Bank of Canada reduced their price objective on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 6th. Jefferies Financial Group reduced their price target on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their price objective on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. DA Davidson reduced their target price on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $45.50.

Insider Buying and Selling at Campbell Soup

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 value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.19% of the stock is currently owned by company insiders.

Campbell Soup Trading Down 4.9 %

CPB opened at $39.96 on Wednesday. The company has a market cap of $11.92 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The company has a fifty day moving average price of $39.40 and a two-hundred day moving average price of $44.16. 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 $36.92 and a 1-year 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. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business 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% on a year-over-year basis. Analysts predict 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. Investors of record on Thursday, April 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is currently 90.17%.

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.