SPC Financial Inc. Buys 300 Shares of The Campbell Soup Company (NASDAQ:CPB)

SPC Financial Inc. boosted its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,575 shares of the company’s stock after purchasing an additional 300 shares during the quarter. SPC Financial Inc.’s holdings in Campbell Soup were worth $569,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CPB. US Bancorp DE boosted its position in Campbell Soup by 4.2% during the third quarter. US Bancorp DE now owns 33,571 shares of the company’s stock valued at $1,642,000 after purchasing an additional 1,346 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Campbell Soup by 45.1% during the third quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock valued at $87,000 after purchasing an additional 552 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Campbell Soup by 2.2% during the third quarter. Asset Management One Co. Ltd. now owns 276,794 shares of the company’s stock valued at $13,541,000 after purchasing an additional 6,087 shares in the last quarter. QRG Capital Management Inc. boosted its position in Campbell Soup by 9.7% during the third quarter. QRG Capital Management Inc. now owns 15,723 shares of the company’s stock valued at $769,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Graypoint LLC raised its stake in Campbell Soup by 18.3% in the third quarter. Graypoint LLC now owns 6,031 shares of the company’s stock valued at $295,000 after buying an additional 931 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Down 2.9 %

Shares of CPB stock opened at $39.18 on Thursday. The stock has a 50 day moving average of $39.48 and a 200 day moving average of $44.43. 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 stock has a market cap of $11.68 billion, a P/E ratio of 21.41, a P/E/G 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.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is currently 85.25%.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of research analyst reports. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Wells Fargo & Company decreased their price target on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Barclays decreased 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. Stifel Nicolaus decreased their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, DA Davidson reiterated a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup presently has an average rating of “Hold” and an average price target of $49.38.

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.