The Campbell Soup Company (NASDAQ:CPB) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC reduced its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,271 shares of the company’s stock after selling 14,110 shares during the period. Brandywine Global Investment Management LLC owned about 0.06% of Campbell Soup worth $7,550,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of 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 buying an additional 1,792,005 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Campbell Soup by 161.8% in the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock worth $7,801,000 after acquiring an additional 115,122 shares during the last quarter. ING Groep NV acquired a new position in Campbell Soup in the fourth quarter valued at approximately $1,062,000. Hussman Strategic Advisors Inc. grew its holdings in shares of Campbell Soup by 133.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock valued at $6,156,000 after purchasing an additional 84,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Campbell Soup by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company’s stock worth $74,860,000 after purchasing an additional 21,849 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CPB. Royal Bank of Canada lowered their price objective on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, March 6th. DA Davidson dropped their price objective on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Morgan Stanley assumed coverage on shares of Campbell Soup in a research note on Monday, March 24th. They set an “equal weight” rating and a $40.00 target price for the company. Citigroup dropped their price target on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research note on Thursday, March 6th. Finally, Barclays reduced their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Four 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $44.86.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s 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 sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB opened at $39.92 on Tuesday. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. The stock has a market capitalization of $11.90 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.71 and a beta of 0.15. The firm’s 50 day moving average is $39.10 and its 200-day moving average is $42.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.01. The company 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 quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 3.91%. Campbell Soup’s payout ratio is presently 90.17%.

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.