The Campbell Soup Company (NASDAQ:CPB) Shares Bought by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 52,411 shares of the company’s stock after purchasing an additional 380 shares during the period. Koss Olinger Consulting LLC’s holdings in Campbell Soup were worth $2,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ballentine Partners LLC increased its holdings in shares of Campbell Soup by 2.8% in the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock valued at $404,000 after acquiring an additional 262 shares during the period. Principal Securities Inc. increased its holdings in shares of Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares during the period. SPC Financial Inc. increased its holdings in shares of Campbell Soup by 2.3% in the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock valued at $569,000 after acquiring an additional 300 shares during the period. Ascent Wealth Partners LLC increased its holdings in shares of Campbell Soup by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock valued at $845,000 after acquiring an additional 306 shares during the period. Finally, HB Wealth Management LLC increased its holdings in shares of Campbell Soup by 4.3% in the 4th quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock valued at $323,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Campbell Soup Price Performance

Campbell Soup stock opened at $38.80 on Wednesday. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The firm’s 50-day simple moving average is $39.11 and its 200 day simple moving average is $43.69. The firm has a market capitalization of $11.57 billion, a PE ratio of 21.20, a P/E/G ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last released 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. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts predict 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 $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is 90.17%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CPB shares. Wells Fargo & Company dropped their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Jefferies Financial Group dropped their price objective 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 raised shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Consumer Edge reissued an “equal weight” rating on shares of Campbell Soup in a research note on Monday. Finally, Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.23.

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.