Jensen Investment Management Inc. Buys 4,400 Shares of The Campbell Soup Company (NASDAQ:CPB)

Jensen Investment Management Inc. lifted its stake in The Campbell Soup Company (NASDAQ:CPB) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 129,428 shares of the company’s stock after purchasing an additional 4,400 shares during the quarter. Jensen Investment Management Inc.’s holdings in Campbell Soup were worth $5,420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CPB. Franklin Resources Inc. raised its stake in shares of Campbell Soup by 1,593.8% in the third 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 period. Van ECK Associates Corp raised its stake in shares of Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after buying an additional 531,281 shares during the period. Raymond James Financial Inc. bought a new stake in Campbell Soup during the 4th quarter valued at approximately $21,312,000. Amundi raised its stake in Campbell Soup by 23.9% during the 4th quarter. Amundi now owns 1,958,238 shares of the company’s stock valued at $76,823,000 after purchasing an additional 377,307 shares during the period. Finally, Galvin Gaustad & Stein LLC bought a new stake in Campbell Soup during the 4th quarter valued at approximately $14,769,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

CPB opened at $38.42 on Monday. The business has a fifty day moving average of $39.16 and a 200 day moving average of $43.84. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The stock has a market cap of $11.46 billion, a P/E ratio of 20.99, a PEG ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The company’s revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CPB. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Wells Fargo & Company decreased their target price 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. BNP Paribas raised Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Citigroup reduced their price objective on 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, JPMorgan Chase & Co. downgraded Campbell Soup from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and an average price target of $45.23.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of 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 SEC, which is available at this hyperlink. 20.19% of the stock is owned by company insiders.

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.