Excalibur Management Corp Has $241,000 Position in The Campbell Soup Company (NASDAQ:CPB)

Excalibur Management Corp decreased its position in The Campbell Soup Company (NASDAQ:CPB) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,762 shares of the company’s stock after selling 960 shares during the quarter. Excalibur Management Corp’s holdings in Campbell Soup were worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CPB. Charles Schwab Investment Management Inc. lifted its holdings in Campbell Soup by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock worth $86,375,000 after buying an additional 12,822 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Campbell Soup by 43.8% in the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock valued at $451,000 after acquiring an additional 2,809 shares during the last quarter. Swedbank AB boosted its holdings in Campbell Soup by 49.3% in the third quarter. Swedbank AB now owns 350,764 shares of the company’s stock valued at $17,159,000 after acquiring an additional 115,794 shares during the last quarter. Larson Financial Group LLC raised its holdings in Campbell Soup by 72.2% during the 3rd quarter. Larson Financial Group LLC now owns 7,295 shares of the company’s stock worth $357,000 after purchasing an additional 3,059 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Campbell Soup by 32.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 28,312 shares of the company’s stock valued at $1,385,000 after purchasing an additional 6,985 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, 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 the SEC website. Insiders own 20.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CPB has been the subject of several analyst reports. Bank of America lowered their price target on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a research report on Thursday, March 6th. Stifel Nicolaus lowered their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. BNP Paribas raised Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut 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. Finally, Consumer Edge reissued an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.86.

Campbell Soup Stock Performance

CPB opened at $38.18 on Wednesday. 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 company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 2.71 and a beta of 0.15. The business’s 50-day moving average price is $39.06 and its two-hundred day moving average price is $43.32. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81.

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. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The company’s revenue was up 9.3% compared to the same quarter last year. Equities analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.09%. Campbell Soup’s dividend payout ratio is 90.17%.

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.