Credit Capital Investments LLC Makes New Investment in The Campbell Soup Company (NASDAQ:CPB)

Credit Capital Investments LLC acquired a new position in shares of The Campbell Soup Company (NASDAQ:CPB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,900 shares of the company’s stock, valued at approximately $331,000. Campbell Soup comprises approximately 0.4% of Credit Capital Investments LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other hedge funds also recently made changes to their positions in CPB. Sherman Asset Management Inc. purchased a new position in shares of Campbell Soup during the fourth quarter worth about $36,000. Principal Securities Inc. grew its holdings in shares of Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares during the last quarter. Kentucky Trust Co purchased a new position in shares of Campbell Soup during the fourth quarter worth about $42,000. Quent Capital LLC grew its holdings in shares of Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after buying an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Campbell Soup during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

CPB stock opened at $38.80 on Wednesday. The firm has a 50 day moving average of $39.11 and a 200-day moving average of $43.69. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. 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 cap of $11.57 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.02%. Campbell Soup’s payout ratio is 90.17%.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup lowered their price target on Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a report on Thursday, March 6th. Barclays lowered their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 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. JPMorgan Chase & Co. lowered Campbell Soup from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Finally, DA Davidson lowered their price target on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.23.

Campbell Soup 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.