Rodgers Brothers Inc. Has $1.17 Million Position in The Campbell Soup Company (NASDAQ:CPB)

Rodgers Brothers Inc. boosted its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,000 shares of the company’s stock after buying an additional 504 shares during the quarter. Rodgers Brothers Inc.’s holdings in Campbell Soup were worth $1,173,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CPB. Franklin Resources Inc. boosted its holdings in Campbell Soup by 1,593.8% in the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Campbell Soup by 161.8% during the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock valued at $7,801,000 after purchasing an additional 115,122 shares during the period. ING Groep NV bought a new position in shares of Campbell Soup in the 4th quarter valued at about $1,062,000. Hussman Strategic Advisors Inc. raised its stake in shares of Campbell Soup by 133.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $6,156,000 after buying an additional 84,000 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Campbell Soup by 34.2% during the third quarter. FMR LLC now owns 165,494 shares of the company’s stock worth $8,096,000 after buying an additional 42,216 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Performance

Shares of CPB stock opened at $39.72 on Monday. The firm has a market cap of $11.84 billion, a PE ratio of 21.70, 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’s fifty day simple moving average is $39.08 and its 200-day simple moving average is $43.03. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 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 during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s payout ratio is presently 90.17%.

Wall Street Analyst Weigh In

CPB has been the subject of a number of analyst reports. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Royal Bank of Canada decreased their price objective on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, March 6th. Consumer Edge reissued an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Bank of America decreased their target price on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a research report on Thursday, March 6th. Finally, Morgan Stanley assumed coverage on shares of Campbell Soup in a research report on Monday, March 24th. They issued an “equal weight” rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $44.86.

Insider Activity at Campbell Soup

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 value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.19% of the stock is owned by company 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.