Excalibur Management Corp Sells 960 Shares of The Campbell Soup Company (NASDAQ:CPB)

Excalibur Management Corp reduced its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,762 shares of the company’s stock after selling 960 shares during the period. Excalibur Management Corp’s holdings in Campbell Soup were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CPB. TrueMark Investments LLC raised its position in Campbell Soup by 137.9% during the fourth quarter. TrueMark Investments LLC now owns 10,564 shares of the company’s stock valued at $442,000 after purchasing an additional 6,123 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Campbell Soup by 8.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 360,758 shares of the company’s stock worth $15,109,000 after acquiring an additional 28,917 shares during the period. Vanguard Group Inc. boosted its stake in shares of Campbell Soup by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock valued at $989,440,000 after purchasing an additional 447,203 shares during the last quarter. LPL Financial LLC grew its holdings in Campbell Soup by 33.6% during the 4th quarter. LPL Financial LLC now owns 108,515 shares of the company’s stock worth $4,545,000 after acquiring an additional 27,281 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Campbell Soup during the 4th quarter worth approximately $3,277,000. Institutional investors own 52.35% of the company’s stock.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $38.18 on Wednesday. The firm has a market cap of $11.38 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.71 and a beta of 0.15. 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 stock’s fifty day moving average price is $39.06 and its 200-day moving average price is $43.32.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts expect that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Morgan Stanley started coverage on Campbell Soup in a research report on Monday. They set an “equal weight” rating and a $40.00 target price for the company. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Consumer Edge restated an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered Campbell Soup from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $37.00 in a report on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.86.

Campbell Soup Company 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.