PNC Financial Services Group Inc. Has $5.36 Million Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

PNC Financial Services Group Inc. cut its position in The Campbell Soup Company (NASDAQ:CPB) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,937 shares of the company’s stock after selling 6,841 shares during the period. PNC Financial Services Group Inc.’s holdings in Campbell Soup were worth $5,358,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sherman Asset Management Inc. bought a new position in shares of Campbell Soup during the 4th quarter worth approximately $36,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup during the 3rd quarter worth approximately $39,000. Principal Securities Inc. lifted its position in shares of Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Campbell Soup during the 4th quarter worth approximately $42,000. Finally, Quent Capital LLC lifted its position in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after buying an additional 481 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’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 in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered shares of Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Barclays decreased their price target 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 restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group decreased their price target on shares of 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.50.

Campbell Soup Trading Down 3.5 %

Campbell Soup stock opened at $38.58 on Thursday. The stock has a market cap of $11.50 billion, a P/E ratio of 21.08, a PEG ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The firm’s fifty day moving average price is $39.36 and its 200-day moving average price is $44.08. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company’s revenue was up 9.3% on a year-over-year basis. Equities research analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.04%. Campbell Soup’s payout ratio is currently 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.