Quadrant Capital Group LLC Has $122,000 Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Quadrant Capital Group LLC reduced its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 33.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,904 shares of the company’s stock after selling 1,440 shares during the period. Quadrant Capital Group LLC’s holdings in Campbell Soup were worth $122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of Campbell Soup by 1,593.8% during the 3rd 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 in the last quarter. Norges Bank bought a new position in Campbell Soup in the fourth quarter valued at about $50,908,000. Van ECK Associates Corp raised its stake in Campbell Soup by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after acquiring an additional 531,281 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Campbell Soup in the fourth quarter worth about $21,312,000. Finally, Vanguard Group Inc. boosted its stake in shares of Campbell Soup by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock valued at $989,440,000 after purchasing an additional 447,203 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Trading Up 3.9 %

Shares of CPB stock opened at $38.25 on Thursday. The business has a 50-day moving average of $38.99 and a 200 day moving average of $42.24. 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 1-year low of $36.02 and a 1-year high of $52.81. The stock has a market capitalization of $11.41 billion, a PE ratio of 20.90, a P/E/G ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 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 business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.08%. Campbell Soup’s dividend payout ratio is presently 90.17%.

Insider Buying and Selling

In other Campbell Soup news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now directly owns 37,590 shares of the company’s stock, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on CPB. Consumer Edge reissued an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Stifel Nicolaus cut their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company lowered their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Citigroup cut their price target 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, Jefferies Financial Group lowered their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.