Successful Portfolios LLC Has $286,000 Stock Holdings in Campbell Soup (NASDAQ:CPB)

Successful Portfolios LLC lowered its stake in Campbell Soup (NASDAQ:CPB) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,827 shares of the company’s stock after selling 464 shares during the period. Successful Portfolios LLC’s holdings in Campbell Soup were worth $286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Campbell Soup by 43.8% in the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock valued at $451,000 after purchasing an additional 2,809 shares during the last quarter. FMR LLC lifted its position in shares of Campbell Soup by 34.2% in the third quarter. FMR LLC now owns 165,494 shares of the company’s stock worth $8,096,000 after purchasing an additional 42,216 shares in the last quarter. Centiva Capital LP acquired a new position in Campbell Soup during the third quarter worth $2,806,000. Finally, Dimensional Fund Advisors LP grew its position in Campbell Soup by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after purchasing an additional 363,736 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’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 transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 20.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CPB shares. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Sanford C. Bernstein upgraded Campbell Soup from a “market perform” rating to an “outperform” rating and raised their price target for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Citigroup dropped their price objective on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Wells Fargo & Company decreased their target price on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.75.

Campbell Soup Stock Down 0.7 %

Shares of CPB opened at $38.98 on Monday. The firm has a market cap of $11.62 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.60 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a 52 week low of $37.61 and a 52 week high of $52.81. The firm’s 50-day simple moving average is $42.53 and its 200 day simple moving average is $46.27.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.00%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is 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.