Jump Financial LLC Buys 9,088 Shares of The Campbell Soup Company (NASDAQ:CPB)

Jump Financial LLC grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 37.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 33,225 shares of the company’s stock after acquiring an additional 9,088 shares during the quarter. Jump Financial LLC’s holdings in Campbell Soup were worth $1,391,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sherman Asset Management Inc. acquired a new stake in Campbell Soup during the fourth quarter worth about $36,000. Principal Securities Inc. boosted its position in shares of Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co bought a new position in Campbell Soup in the fourth quarter valued at approximately $42,000. Quent Capital LLC raised its position in Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Campbell Soup during the fourth quarter valued at approximately $47,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Campbell Soup

In other news, EVP Charles A. Brawley III sold 2,498 shares of the business’s stock in a transaction that occurred on 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. The trade was a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB opened at $37.53 on Friday. 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 firm’s fifty day simple moving average is $39.02 and its two-hundred day simple moving average is $41.70. The Campbell Soup Company has a 12 month low of $36.02 and a 12 month high of $52.81. The stock has a market capitalization of $11.19 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 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 analyst estimates 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% on a year-over-year basis. As a group, analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s payout ratio is 90.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Citigroup lowered their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. downgraded shares of Campbell Soup from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $48.00 to $37.00 in a research note on Thursday, March 6th. Royal Bank of Canada lowered their price objective on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, March 6th. Finally, Stifel Nicolaus cut their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.86.

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.