The Campbell Soup Company (NASDAQ:CPB) EVP Charles A. Brawley III Sells 2,498 Shares of Stock

The Campbell Soup Company (NASDAQ:CPB) EVP Charles A. Brawley III sold 2,498 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares in the company, valued at $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Campbell Soup Stock Down 1.3 %

Shares of CPB opened at $39.39 on Thursday. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The company’s fifty day moving average is $39.14 and its two-hundred day moving average is $42.82. The firm has a market cap of $11.75 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last issued its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion for 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 business’s revenue was up 9.3% compared to the same quarter last year. Analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.96%. Campbell Soup’s dividend payout ratio (DPR) is 90.17%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CPB shares. Wells Fargo & Company lowered their price target on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Bank of America lowered their target price on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a report on Thursday, March 6th. Royal Bank of Canada reduced their price objective on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 6th. Stifel Nicolaus dropped their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup has an average rating of “Hold” and an average price target of $44.86.

Institutional Trading of Campbell Soup

A number of institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its holdings in shares of Campbell Soup by 1,593.8% during the 3rd 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. Two Sigma Advisers LP grew its position in Campbell Soup by 272.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock valued at $93,949,000 after acquiring an additional 1,641,400 shares in the last quarter. Man Group plc raised its stake in shares of Campbell Soup by 1,296.1% during the fourth quarter. Man Group plc now owns 1,407,161 shares of the company’s stock valued at $58,932,000 after purchasing an additional 1,306,372 shares during the period. Invesco Ltd. lifted its position in shares of Campbell Soup by 38.2% during the fourth quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock worth $194,556,000 after purchasing an additional 1,282,957 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Campbell Soup in the fourth quarter valued at $50,908,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

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.