The Campbell Soup Company (NASDAQ:CPB) EVP Sells $99,994.94 in Stock

The Campbell Soup Company (NASDAQ:CPB) EVP Charles A. Brawley III sold 2,498 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were 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 $1,504,727.70. This trade represents a 6.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Campbell Soup Price Performance

CPB opened at $38.79 on Friday. The firm has a market capitalization of $11.57 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The business’s 50-day moving average is $39.16 and its two-hundred day moving average is $42.71. 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 data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm 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 is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.02%. Campbell Soup’s dividend payout ratio (DPR) is 90.17%.

Institutional Investors Weigh In On Campbell Soup

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPB. Vanguard Group Inc. lifted its stake in shares of Campbell Soup by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock worth $989,440,000 after buying an additional 447,203 shares during the period. State Street Corp lifted its position in Campbell Soup by 3.1% during the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after acquiring an additional 298,203 shares during the period. Van ECK Associates Corp grew its stake in 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 purchasing an additional 531,281 shares during the last quarter. Beutel Goodman & Co Ltd. increased its holdings in shares of Campbell Soup by 0.5% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company’s stock valued at $290,034,000 after purchasing an additional 35,160 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Campbell Soup by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company’s stock worth $222,420,000 after purchasing an additional 57,717 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America cut their price objective on 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 reduced their price target on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. downgraded shares of Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Finally, Royal Bank of Canada decreased their price target on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.86.

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.