The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. raised its position in The Campbell Soup Company (NASDAQ:CPB) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,925,365 shares of the company’s stock after buying an additional 35,160 shares during the period. Beutel Goodman & Co Ltd.’s holdings in Campbell Soup were worth $290,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ballentine Partners LLC boosted its stake in Campbell Soup by 2.8% in the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after buying an additional 262 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares during the last quarter. SPC Financial Inc. grew its holdings in Campbell Soup by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock valued at $569,000 after purchasing an additional 300 shares during the period. Ascent Wealth Partners LLC increased its position in Campbell Soup by 1.5% during the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock worth $845,000 after purchasing an additional 306 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in Campbell Soup by 4.3% during the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock worth $323,000 after purchasing an additional 319 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CPB shares. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Royal Bank of Canada cut their price objective on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, March 6th. Morgan Stanley began coverage on Campbell Soup in a report on Monday, March 24th. They set an “equal weight” rating and a $40.00 target price for the company. DA Davidson cut their price target 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. Finally, JPMorgan Chase & Co. downgraded shares of Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.86.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Campbell Soup Stock Up 0.4 %

Shares of NASDAQ CPB opened at $39.72 on Friday. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The stock’s 50-day simple moving average is $39.08 and its 200-day simple moving average is $43.09.

Campbell Soup (NASDAQ:CPB) last released 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 during 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%. Campbell Soup’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.93%. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

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.