Koss Olinger Consulting LLC Increases Stock Position in The Campbell Soup Company (NASDAQ:CPB)

Koss Olinger Consulting LLC increased its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,411 shares of the company’s stock after buying an additional 380 shares during the period. Koss Olinger Consulting LLC’s holdings in Campbell Soup were worth $2,195,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CPB. Sherman Asset Management Inc. purchased a new stake in Campbell Soup during the fourth quarter worth $36,000. Principal Securities Inc. lifted its holdings in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares in the last quarter. Kentucky Trust Co purchased a new position in Campbell Soup during the fourth quarter valued at $42,000. Quent Capital LLC lifted its holdings in Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after purchasing an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in Campbell Soup during the fourth quarter valued at $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.19% of the company’s stock.

Campbell Soup Price Performance

Campbell Soup stock opened at $38.80 on Wednesday. The company has a 50-day moving average price of $39.11 and a 200 day moving average price of $43.69. 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 Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. The stock has a market cap of $11.57 billion, a P/E 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 data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The company’s revenue was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently disclosed 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. This represents a $1.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is 90.17%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPB. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Royal Bank of Canada decreased their price objective on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, March 6th. Finally, Barclays reduced their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Campbell Soup has an average rating of “Hold” and an average 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.