NewSquare Capital LLC Invests $51,000 in The Campbell Soup Company (NASDAQ:CPB)

NewSquare Capital LLC purchased a new stake in shares of The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,215 shares of the company’s stock, valued at approximately $51,000.

A number of other large investors also recently bought and sold shares of CPB. Ashton Thomas Securities LLC purchased a new position in shares of Campbell Soup during the 3rd quarter valued at approximately $39,000. Sherman Asset Management Inc. purchased a new position in Campbell Soup in the fourth quarter valued at $36,000. Principal Securities Inc. raised its position in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after acquiring an additional 290 shares during the period. Kentucky Trust Co acquired a new position in shares of Campbell Soup in the fourth quarter worth about $42,000. Finally, Quent Capital LLC grew 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 valued at $46,000 after acquiring an additional 481 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Campbell Soup

In other 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 transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.19% of the stock is owned by corporate insiders.

Campbell Soup Trading Down 2.9 %

NASDAQ CPB opened at $39.18 on Thursday. The Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. The firm has a 50 day simple moving average of $39.48 and a 200-day simple moving average of $44.43. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.71 and a beta of 0.19. 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 posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.74 billion. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate 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. Investors 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 yield of 3.98%. Campbell Soup’s dividend payout ratio (DPR) is 85.25%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Jefferies Financial Group reduced their target price on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday. Barclays dropped their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Finally, 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. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.38.

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.