B. Metzler seel. Sohn & Co. AG Sells 44,241 Shares of The Campbell Soup Company (NASDAQ:CPB)

B. Metzler seel. Sohn & Co. AG decreased its stake in The Campbell Soup Company (NASDAQ:CPB) by 89.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,071 shares of the company’s stock after selling 44,241 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Campbell Soup were worth $212,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sherman Asset Management Inc. bought a new position in Campbell Soup in the 4th quarter worth $36,000. Principal Securities Inc. boosted its stake in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares during the period. Kentucky Trust Co purchased a new stake in shares of Campbell Soup during the fourth quarter worth about $42,000. Quent Capital LLC raised its stake 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 purchasing an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Campbell Soup in the 4th quarter worth approximately $47,000. Institutional investors own 52.35% of the company’s stock.

Insider Transactions at Campbell Soup

In related news, EVP Charles A. Brawley III sold 2,498 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.19% of the company’s stock.

Campbell Soup Price Performance

CPB stock opened at $38.79 on Friday. The stock has a market cap of $11.57 billion, a PE ratio of 21.20, a P/E/G ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a 12 month low of $36.92 and a 12 month high of $52.81. The company has a 50-day moving average price of $39.16 and a 200 day moving average price of $42.71. 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 released its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating 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 firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is currently 90.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPB shares. Bank of America cut their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a report on Thursday, March 6th. Citigroup decreased their price target on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research note on Thursday, March 6th. Consumer Edge restated an “equal weight” rating on shares of Campbell Soup in a research report on Monday, March 17th. Royal Bank of Canada reduced their target price on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, March 6th. Finally, Barclays dropped their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.86.

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.