Charles A. Brawley III Sells 2,498 Shares of The Campbell Soup Company (NASDAQ:CPB) Stock

The Campbell Soup Company (NASDAQ:CPB) EVP Charles A. Brawley III sold 2,498 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now directly owns 37,590 shares of the company’s stock, valued at approximately $1,504,727.70. This trade represents a 6.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Campbell Soup Price Performance

Campbell Soup stock traded down $0.49 on Wednesday, reaching $39.41. The company’s stock had a trading volume of 2,258,782 shares, compared to its average volume of 2,716,857. The business’s fifty day moving average price is $39.10 and its 200 day moving average price is $42.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The company has a market cap of $11.75 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (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 company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup’s revenue was up 9.3% compared to the same quarter last year. Equities analysts expect that The Campbell Soup Company will post 3.15 earnings per share 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. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.96%. Campbell Soup’s dividend payout ratio (DPR) is currently 90.17%.

Institutional Investors Weigh In On Campbell Soup

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sherman Asset Management Inc. acquired a new stake in Campbell Soup in the fourth quarter worth about $36,000. Principal Securities Inc. boosted its stake in shares of Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of Campbell Soup during the 4th quarter worth approximately $42,000. Quent Capital LLC raised its stake 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 bought a new stake in shares of Campbell Soup during the fourth quarter worth approximately $47,000. Institutional investors own 52.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company reduced their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell Soup in a report on Monday, March 17th. Morgan Stanley assumed coverage on shares of Campbell Soup in a research note on Monday, March 24th. They issued an “equal weight” rating and a $40.00 target price on the stock. Jefferies Financial Group dropped their price target on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Finally, DA Davidson decreased their price objective 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and an average target price of $44.86.

About Campbell Soup

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.