Knights of Columbus Asset Advisors LLC Sells 8,436 Shares of The Campbell Soup Company (NASDAQ:CPB)

Knights of Columbus Asset Advisors LLC reduced its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 54,402 shares of the company’s stock after selling 8,436 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Campbell Soup were worth $2,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPB. Atria Investments Inc raised its holdings in Campbell Soup by 10.7% during the 3rd quarter. Atria Investments Inc now owns 5,600 shares of the company’s stock worth $274,000 after purchasing an additional 541 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Campbell Soup by 5.2% in the 3rd quarter. Natixis Advisors LLC now owns 45,001 shares of the company’s stock valued at $2,201,000 after acquiring an additional 2,205 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Campbell Soup by 2.3% in the 3rd quarter. Pathstone Holdings LLC now owns 59,290 shares of the company’s stock valued at $2,900,000 after acquiring an additional 1,341 shares during the last quarter. Caprock Group LLC increased its stake in shares of Campbell Soup by 53.4% in the 3rd quarter. Caprock Group LLC now owns 10,270 shares of the company’s stock valued at $502,000 after acquiring an additional 3,573 shares during the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of Campbell Soup by 4.5% in the 3rd quarter. Moors & Cabot Inc. now owns 10,460 shares of the company’s stock valued at $512,000 after acquiring an additional 450 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Up 0.3 %

CPB opened at $38.08 on Friday. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The stock’s fifty day simple moving average is $39.07 and its 200 day simple moving average is $43.47. 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 cap of $11.35 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $2.69 billion for 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%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, research analysts expect that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s payout ratio is 90.17%.

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 transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CPB shares. Wells Fargo & Company lowered their price target on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Stifel Nicolaus lowered their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Consumer Edge reiterated an “equal weight” rating on shares of Campbell Soup in a research report on Monday, March 17th. Finally, Jefferies Financial Group decreased their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.23.

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.