Bryn Mawr Capital Management LLC Trims Stock Position in The Campbell Soup Company (NASDAQ:CPB)

Bryn Mawr Capital Management LLC lessened its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 29.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,604 shares of the company’s stock after selling 6,438 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Campbell Soup were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after buying an additional 298,203 shares during the period. Van ECK Associates Corp grew its position in Campbell Soup by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after buying an additional 531,281 shares during the period. Geode Capital Management LLC grew its position in Campbell Soup by 6.5% during the third quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after buying an additional 322,951 shares during the period. Bank of New York Mellon Corp grew its position in Campbell Soup by 4.9% during the fourth quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock valued at $177,487,000 after buying an additional 199,470 shares during the period. Finally, Franklin Resources Inc. grew its position in Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

CPB opened at $39.85 on Friday. The firm has a market capitalization of $11.88 billion, a PE ratio of 21.78, a PEG ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The firm’s 50-day moving average price is $39.57 and its 200 day moving average price is $44.70. 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 issued its earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. As a group, sell-side analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 yield of 3.91%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % 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. 20.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CPB. Citigroup dropped their target price on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. DA Davidson reiterated a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Wednesday, December 4th. Stifel Nicolaus dropped their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Finally, Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.17.

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.