Steward Partners Investment Advisory LLC Reduces Position in The Campbell Soup Company (NASDAQ:CPB)

Steward Partners Investment Advisory LLC decreased its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,793 shares of the company’s stock after selling 2,538 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Campbell Soup were worth $201,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CPB. State Street Corp boosted its position in shares of Campbell Soup by 3.1% during the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after acquiring an additional 298,203 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Campbell Soup by 6.1% during the 4th 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 last quarter. Geode Capital Management LLC boosted its position in shares of Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after acquiring an additional 322,951 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Campbell Soup by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock valued at $177,487,000 after acquiring an additional 199,470 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Down 0.1 %

CPB stock opened at $38.42 on Friday. The company’s 50 day moving average price is $39.16 and its 200 day moving average price is $43.88. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last released its 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 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 analyst estimates of $2.74 billion. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be paid 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 4.06%. Campbell Soup’s payout ratio is 90.17%.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CPB shares. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Bank of America decreased their target price on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday, March 6th. Jefferies Financial Group decreased their target price on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada decreased 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. Finally, Citigroup decreased their target price on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.23.

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.