First Horizon Advisors Inc. Has $189,000 Stock Position in The Campbell Soup Company (NASDAQ:CPB)

First Horizon Advisors Inc. cut its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,507 shares of the company’s stock after selling 1,296 shares during the period. First Horizon Advisors Inc.’s holdings in Campbell Soup were worth $189,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Campbell Soup in the third quarter valued at about $39,000. Principal Securities Inc. grew its stake 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 buying an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of Campbell Soup during the fourth quarter worth $42,000. Quent Capital LLC boosted its holdings in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Campbell Soup during the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 20.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of research reports. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Citigroup decreased their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Barclays cut their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Stifel Nicolaus decreased their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their target price on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.17.

Campbell Soup Stock Up 0.8 %

Shares of NASDAQ:CPB opened at $41.65 on Wednesday. The business’s 50-day moving average is $39.60 and its 200-day moving average is $44.73. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company has a market capitalization of $12.41 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Equities research analysts predict that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.75%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

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.