Sei Investments Co. Sells 34,270 Shares of The Campbell Soup Company (NASDAQ:CPB)

Sei Investments Co. lessened its holdings in The Campbell Soup Company (NASDAQ:CPB) by 25.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,531 shares of the company’s stock after selling 34,270 shares during the period. Sei Investments Co.’s holdings in Campbell Soup were worth $4,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC purchased a new position in Campbell Soup in the 4th quarter worth $795,000. Sciencast Management LP bought a new position in shares of Campbell Soup during the fourth quarter valued at about $1,046,000. Blueshift Asset Management LLC purchased a new position in shares of Campbell Soup in the fourth quarter worth about $216,000. Credit Capital Investments LLC bought a new stake in shares of Campbell Soup in the 4th quarter valued at about $331,000. Finally, Koss Olinger Consulting LLC increased its position in shares of Campbell Soup by 0.7% in the fourth quarter. Koss Olinger Consulting LLC now owns 52,411 shares of the company’s stock valued at $2,195,000 after acquiring an additional 380 shares during the period. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Trading Down 1.3 %

Shares of Campbell Soup stock opened at $39.39 on Thursday. 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 company has a fifty day moving average of $39.14 and a 200 day moving average of $42.82. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The company has a market capitalization of $11.75 billion, a P/E ratio of 21.52, a P/E/G ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during 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, sell-side analysts anticipate 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. Stockholders of record on Thursday, April 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is 90.17%.

Analyst Ratings Changes

CPB has been the subject of a number of research reports. Jefferies Financial Group decreased their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. DA Davidson dropped their price target on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Stifel Nicolaus reduced their price target on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Consumer Edge restated an “equal weight” rating on shares of Campbell Soup in a report on Monday, March 17th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.86.

Insider Buying and Selling

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares of the company’s stock, valued at approximately $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.19% of the stock is owned by company insiders.

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.