Northwest & Ethical Investments L.P. Has $720,000 Stock Position in The Campbell Soup Company (NASDAQ:CPB)

Northwest & Ethical Investments L.P. cut its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 60.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,188 shares of the company’s stock after selling 26,340 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Campbell Soup were worth $720,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CPB. Sherman Asset Management Inc. acquired a new position in shares of Campbell Soup during the 4th quarter worth approximately $36,000. Principal Securities Inc. increased its holdings 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 acquiring an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new position in Campbell Soup in the 4th quarter valued at $42,000. Quent Capital LLC grew its holdings in 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 buying an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Campbell Soup in the 4th quarter valued at $47,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Price Performance

Shares of CPB stock opened at $38.08 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The company has a market cap of $11.35 billion, a P/E ratio of 20.81, a P/E/G ratio of 2.71 and a beta of 0.15. The business has a fifty day simple moving average of $39.07 and a 200 day simple moving average of $43.53.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data 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. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 4.10%. Campbell Soup’s dividend payout ratio is presently 90.17%.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of research reports. Barclays decreased 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. 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 report on Thursday, March 6th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Jefferies Financial Group decreased 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, March 5th. Finally, Royal Bank of Canada cut their target price on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.23.

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 dated Friday, January 3rd. The stock was 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. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 20.19% of the company’s stock.

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.