BBR Partners LLC Trims Stock Position in The Campbell Soup Company (NASDAQ:CPB)

BBR Partners LLC decreased its stake in The Campbell Soup Company (NASDAQ:CPB) by 33.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,334 shares of the company’s stock after selling 2,666 shares during the quarter. BBR Partners LLC’s holdings in Campbell Soup were worth $223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPB. Franklin Resources Inc. boosted its position in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Campbell Soup by 43.8% during the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after buying an additional 2,809 shares in the last quarter. Handelsbanken Fonder AB grew its position in Campbell Soup by 161.8% during the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock valued at $7,801,000 after buying an additional 115,122 shares during the period. ING Groep NV purchased a new position in Campbell Soup in the fourth quarter valued at $1,062,000. Finally, Hussman Strategic Advisors Inc. raised its position in shares of Campbell Soup by 133.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $6,156,000 after acquiring an additional 84,000 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CPB shares. Stifel Nicolaus dropped their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Barclays cut their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. DA Davidson reissued a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Bank of America reduced their price objective on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a research note on Thursday. Four research 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.36.

Campbell Soup Stock Up 5.1 %

Shares of NASDAQ:CPB opened at $41.81 on Friday. 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 company has a market capitalization of $12.46 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.19. The business has a 50-day moving average price of $39.39 and a 200 day moving average price of $44.36. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS 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 analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Campbell Soup’s quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is 85.25%.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.19% of the stock is currently owned by company insiders.

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.