Everhart Financial Group Inc. Decreases Stake in The Campbell Soup Company (NASDAQ:CPB)

Everhart Financial Group Inc. decreased its position in The Campbell Soup Company (NASDAQ:CPB) by 44.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,180 shares of the company’s stock after selling 6,474 shares during the period. Everhart Financial Group Inc.’s holdings in Campbell Soup were worth $343,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in Campbell Soup in the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup in the 3rd quarter valued at about $39,000. Friedenthal Financial purchased a new stake in Campbell Soup in the 3rd quarter valued at about $48,000. Kentucky Trust Co purchased a new stake in Campbell Soup in the 4th quarter valued at about $42,000. Finally, Quent Capital LLC increased its stake in Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Down 0.0 %

Shares of NASDAQ:CPB opened at $38.60 on Monday. The firm has a fifty day moving average price of $40.06 and a two-hundred day moving average price of $45.18. 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 Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.59 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 EPS for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.04%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CPB. Stifel Nicolaus decreased 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 note on Friday, January 24th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. DA Davidson restated a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. 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. Finally, Wells Fargo & Company decreased their price target on shares of 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. Two 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. According to MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $50.17.

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.