Rovin Capital UT ADV Reduces Stake in Campbell Soup (NASDAQ:CPB)

Rovin Capital UT ADV lessened its holdings in Campbell Soup (NASDAQ:CPB) by 30.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,791 shares of the company’s stock after selling 4,677 shares during the period. Rovin Capital UT ADV’s holdings in Campbell Soup were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CPB. Franklin Resources Inc. raised its holdings in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of 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 purchasing an additional 2,809 shares during the period. FMR LLC increased its stake in Campbell Soup by 34.2% in the third quarter. FMR LLC now owns 165,494 shares of the company’s stock valued at $8,096,000 after purchasing an additional 42,216 shares during the last quarter. Centiva Capital LP purchased a new position in Campbell Soup during the third quarter worth about $2,806,000. Finally, Dimensional Fund Advisors LP boosted its stake in Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after buying an additional 363,736 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Stock Performance

Shares of CPB stock opened at $38.69 on Thursday. The company’s fifty day moving average price is $42.78 and its two-hundred day moving average price is $46.35. 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 firm has a market capitalization of $11.53 billion, a P/E ratio of 21.14, a P/E/G ratio of 2.60 and a beta of 0.19. Campbell Soup has a 12 month low of $37.61 and a 12 month high of $52.81.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.03%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is currently 85.25%.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at $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 available through this link. 20.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CPB shares. Barclays dropped their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Wells Fargo & Company decreased their price target on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, September 20th. Finally, Citigroup reduced their price objective on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell Soup has an average rating of “Hold” and an average price target of $50.75.

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.