ExodusPoint Capital Management LP Has $29.26 Million Stock Position in The Campbell Soup Company (NASDAQ:CPB)

ExodusPoint Capital Management LP boosted its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 34.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 698,748 shares of the company’s stock after purchasing an additional 179,676 shares during the period. ExodusPoint Capital Management LP owned about 0.23% of Campbell Soup worth $29,264,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sherman Asset Management Inc. acquired a new stake in Campbell Soup in the fourth quarter valued at about $36,000. Principal Securities Inc. lifted its holdings 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 last quarter. Kentucky Trust Co acquired a new stake in shares of Campbell Soup in the 4th quarter valued at approximately $42,000. Quent Capital LLC boosted its stake in shares of Campbell Soup by 77.7% in the 4th 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 bought a new stake in shares of Campbell Soup during the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB opened at $39.39 on Thursday. 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 firm’s fifty day simple moving average is $39.14 and its two-hundred day simple moving average is $42.82. 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 capitalization of $11.75 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business’s revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 3.96%. Campbell Soup’s payout ratio is presently 90.17%.

Analysts Set New Price Targets

A number of analysts have weighed in on CPB shares. JPMorgan Chase & Co. lowered shares of Campbell Soup from an “overweight” rating to a “neutral” rating and cut their target price for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Citigroup cut their price objective on Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a report on Thursday, March 6th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Barclays dropped their target price 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. Finally, Bank of America reduced their price target on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.86.

Insider Buying and Selling

In other Campbell Soup news, EVP Charles A. Brawley III sold 2,498 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the sale, the executive vice president now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred on 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 directly 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 disclosure for this sale can be found here. 20.19% of the stock is owned by insiders.

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.