The Campbell Soup Company (NASDAQ:CPB) Shares Bought by Ossiam

Ossiam lifted its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 211.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,792 shares of the company’s stock after purchasing an additional 3,253 shares during the period. Ossiam’s holdings in Campbell Soup were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake 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 purchasing an additional 1,792,005 shares during the last quarter. Handelsbanken Fonder AB grew its position 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 buying an additional 115,122 shares during the last quarter. ING Groep NV bought a new position in shares of Campbell Soup in the fourth quarter valued at $1,062,000. Hussman Strategic Advisors Inc. lifted its position in shares of Campbell Soup by 133.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock valued at $6,156,000 after acquiring an additional 84,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 acquiring an additional 21,849 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Insider Buying and Selling at Campbell Soup

In other news, EVP Charles A. Brawley III sold 2,498 shares of the company’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 approximately $1,504,727.70. This represents a 6.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB stock opened at $37.88 on Wednesday. The Campbell Soup Company has a fifty-two week low of $36.02 and a fifty-two week high of $52.81. The stock’s 50-day moving average is $39.01 and its two-hundred day moving average is $41.59. 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 firm has a market cap of $11.30 billion, a P/E ratio of 20.70, a PEG ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data 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 firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company’s revenue was up 9.3% on a year-over-year basis. Analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced 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. This represents a $1.56 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is 90.17%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CPB shares. DA Davidson cut their target price on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. downgraded Campbell Soup from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Morgan Stanley began coverage on shares of Campbell Soup in a report on Monday, March 24th. They set an “equal weight” rating and a $40.00 price target on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus target price of $44.86.

Campbell Soup 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.