The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. raised its position in The Campbell Soup Company (NASDAQ:CPB) by 9.6% during the 4th quarter, Holdings Channel reports. The firm owned 11,460 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Campbell Soup were worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CPB. Sherman Asset Management Inc. acquired a new stake in Campbell Soup in the 4th quarter valued at about $36,000. Principal Securities Inc. lifted its holdings in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of Campbell Soup in the fourth quarter valued at approximately $42,000. Quent Capital LLC increased its stake in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Campbell Soup during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Campbell Soup stock opened at $38.42 on Friday. 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 12 month low of $36.92 and a 12 month high of $52.81. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The stock’s 50-day moving average is $39.16 and its 200-day moving average is $43.88.

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

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.06%. Campbell Soup’s dividend payout ratio is currently 90.17%.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 20.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPB has been the subject of several recent research reports. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Citigroup cut their target price on shares of 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. cut shares of Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Royal Bank of Canada lowered their price target on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, March 6th. Finally, DA Davidson decreased their target price on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.23.

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.