First Horizon Advisors Inc. Sells 1,296 Shares of The Campbell Soup Company (NASDAQ:CPB)

First Horizon Advisors Inc. decreased its position in The Campbell Soup Company (NASDAQ:CPB) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,507 shares of the company’s stock after selling 1,296 shares during the quarter. First Horizon Advisors Inc.’s holdings in Campbell Soup were worth $189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CPB. Franklin Resources Inc. grew its position in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Campbell Soup by 88.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after buying an additional 558,944 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after acquiring an additional 531,281 shares in the last quarter. Galvin Gaustad & Stein LLC purchased a new stake in shares of Campbell Soup during the fourth quarter valued at approximately $14,769,000. Finally, Geode Capital Management LLC lifted its holdings 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 worth $256,827,000 after acquiring an additional 322,951 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CPB shares. DA Davidson restated a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th. 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 report on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Barclays dropped their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Finally, Citigroup decreased their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $50.17.

Insider Activity

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.19% of the stock is owned by company insiders.

Campbell Soup Stock Up 0.8 %

Campbell Soup stock opened at $41.65 on Wednesday. The firm has a 50 day simple moving average of $39.60 and a 200 day simple moving average of $44.73. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. On average, analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup’s dividend payout ratio is presently 85.25%.

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.