Brandywine Global Investment Management LLC Has $7.55 Million Position in The Campbell Soup Company (NASDAQ:CPB)

Brandywine Global Investment Management LLC lessened its stake in The Campbell Soup Company (NASDAQ:CPB) by 7.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 180,271 shares of the company’s stock after selling 14,110 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Campbell Soup were worth $7,550,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CPB. Franklin Resources Inc. lifted its holdings in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares during the last quarter. Norges Bank acquired a new stake in Campbell Soup in the fourth quarter valued at approximately $50,908,000. Van ECK Associates Corp grew its position in Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after acquiring an additional 531,281 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Campbell Soup during the 4th quarter worth $21,312,000. Finally, Vanguard Group Inc. raised its holdings in shares of Campbell Soup by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock valued at $989,440,000 after purchasing an additional 447,203 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

CPB has been the topic of several analyst reports. Barclays lowered their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Stifel Nicolaus lowered 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. Royal Bank of Canada reduced their target price on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, March 6th. Jefferies Financial Group lowered their price target 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, Citigroup reduced their price objective on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a research note on Thursday, March 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $44.86.

Campbell Soup Trading Up 0.5 %

Shares of CPB stock opened at $39.92 on Tuesday. The firm has a fifty day moving average of $39.10 and a 200-day moving average of $42.92. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. 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 announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, 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 business also recently declared 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. This represents a $1.56 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is 90.17%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing 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.