Keybank National Association OH Has $1.42 Million Holdings in The Campbell Soup Company (NASDAQ:CPB)

Keybank National Association OH lessened its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,807 shares of the company’s stock after selling 1,445 shares during the period. Keybank National Association OH’s holdings in Campbell Soup were worth $1,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Campbell Soup in the 3rd quarter valued at about $39,000. Sherman Asset Management Inc. acquired a new position in shares of Campbell Soup in the 4th quarter valued at about $36,000. Principal Securities Inc. increased its holdings in shares of Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares during the period. Kentucky Trust Co acquired a new position in shares of Campbell Soup in the 4th quarter valued at about $42,000. Finally, Quent Capital LLC increased its holdings in shares of Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 20.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CPB. JPMorgan Chase & Co. downgraded Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $48.00 to $37.00 in a report on Thursday. Stifel Nicolaus dropped 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. Barclays dropped their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Jefferies Financial Group dropped their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company dropped their price objective on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.36.

Campbell Soup Stock Up 5.1 %

CPB opened at $41.81 on Friday. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 2.71 and a beta of 0.19. The business has a 50 day moving average of $39.39 and a 200-day moving average of $44.36.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share 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 quarterly 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 3.73%. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

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.