American Century Companies Inc. lessened its stake in Campbell Soup (NYSE:CPB) by 34.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 894,693 shares of the company’s stock after selling 462,745 shares during the period. American Century Companies Inc.’s holdings in Campbell Soup were worth $43,044,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CPB. Thrivent Financial For Lutherans grew its position in Campbell Soup by 7.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 8,205 shares of the company’s stock worth $428,000 after purchasing an additional 545 shares during the period. Dimensional Fund Advisors LP grew its position in Campbell Soup by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,882 shares of the company’s stock worth $52,508,000 after purchasing an additional 131,876 shares during the period. HighTower Advisors LLC grew its position in Campbell Soup by 13.1% in the 2nd quarter. HighTower Advisors LLC now owns 11,462 shares of the company’s stock worth $599,000 after purchasing an additional 1,328 shares during the period. Macquarie Group Ltd. grew its position in Campbell Soup by 371.3% in the 2nd quarter. Macquarie Group Ltd. now owns 39,223 shares of the company’s stock worth $2,039,000 after purchasing an additional 30,900 shares during the period. Finally, Janus Henderson Group PLC grew its position in Campbell Soup by 1,271.3% in the 2nd quarter. Janus Henderson Group PLC now owns 354,652 shares of the company’s stock worth $18,495,000 after purchasing an additional 328,790 shares during the period. 47.79% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on CPB shares. UBS Group cut their target price on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a research report on Thursday, November 9th. Citigroup reissued a “neutral” rating and set a $54.00 price objective (up previously from $50.00) on shares of Campbell Soup in a research report on Wednesday, December 20th. Royal Bank of Canada cut their price objective on shares of Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating for the company in a research report on Monday, November 20th. Piper Jaffray Companies set a $49.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a research report on Tuesday, November 28th. Finally, Credit Suisse Group set a $41.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research report on Friday, November 24th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.08.

Shares of Campbell Soup (NYSE CPB) opened at $46.31 on Tuesday. Campbell Soup has a 1 year low of $43.50 and a 1 year high of $63.87. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.39 and a current ratio of 0.77. The stock has a market cap of $13,920.00, a price-to-earnings ratio of 16.19, a PEG ratio of 3.59 and a beta of 0.32.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.17 billion. Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. sell-side analysts forecast that Campbell Soup will post 2.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Wednesday, January 10th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, January 9th. Campbell Soup’s dividend payout ratio is currently 48.95%.

Campbell Soup declared that its Board of Directors has authorized a stock repurchase program on Monday, December 18th that permits the company to repurchase shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

In related news, Director Randall W. Larrimore sold 2,242 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.69, for a total value of $109,162.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Carolan sold 6,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $48.15, for a total transaction of $312,975.00. Following the completion of the transaction, the insider now directly owns 41,506 shares of the company’s stock, valued at approximately $1,998,513.90. The disclosure for this sale can be found here. Insiders sold a total of 15,284 shares of company stock valued at $741,399 in the last ninety days. 37.20% of the stock is currently owned by insiders.

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Campbell Soup Profile

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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