Schwab Charles Investment Management Inc. cut its holdings in shares of Campbell Soup (NYSE:CPB) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 826,095 shares of the company’s stock after selling 128,223 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Campbell Soup were worth $39,744,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. First Allied Advisory Services Inc. lifted its position in Campbell Soup by 6.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock valued at $201,000 after purchasing an additional 227 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Campbell Soup by 7.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 8,205 shares of the company’s stock valued at $428,000 after acquiring an additional 545 shares during the period. Sterling Capital Management LLC raised its position in shares of Campbell Soup by 2.7% in the 2nd quarter. Sterling Capital Management LLC now owns 29,552 shares of the company’s stock valued at $1,541,000 after acquiring an additional 790 shares during the period. Retirement Systems of Alabama raised its position in shares of Campbell Soup by 1.2% in the 3rd quarter. Retirement Systems of Alabama now owns 94,101 shares of the company’s stock valued at $4,406,000 after acquiring an additional 1,125 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Campbell Soup by 6.7% in the 3rd quarter. Stifel Financial Corp now owns 17,993 shares of the company’s stock valued at $839,000 after acquiring an additional 1,133 shares during the period. Institutional investors own 47.02% of the company’s stock.

In related news, SVP Carlos Barroso sold 4,300 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $48.86, for a total transaction of $210,098.00. Following the completion of the sale, the senior vice president now directly owns 29,119 shares of the company’s stock, valued at approximately $1,422,754.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Randall W. Larrimore sold 2,242 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $48.69, for a total value of $109,162.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,284 shares of company stock valued at $741,399. 37.20% of the stock is owned by company insiders.

Shares of Campbell Soup (NYSE CPB) opened at $45.73 on Friday. Campbell Soup has a 52 week low of $43.50 and a 52 week high of $64.23. 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 capitalization of $13,476.21, a P/E ratio of 15.25, a P/E/G ratio of 3.52 and a beta of 0.32.

Campbell Soup (NYSE:CPB) last posted its earnings results 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). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the company posted $1.00 earnings per share. Campbell Soup’s revenue for the quarter was down 1.9% compared to the same quarter last year. analysts anticipate that Campbell Soup will post 2.95 earnings per share for the current year.

Campbell Soup announced that its board has initiated a share repurchase program on Monday, December 18th that allows the company to buyback shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Wednesday, January 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 3.06%. Campbell Soup’s payout ratio is 48.95%.

CPB has been the topic of a number of analyst reports. UBS Group cut their price target on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a research report on Thursday, November 9th. Citigroup reiterated a “neutral” rating and issued a $54.00 price target (up from $50.00) on shares of Campbell Soup in a research report on Wednesday, December 20th. Royal Bank of Canada cut their price target on shares of Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating on the stock in a research report on Monday, November 20th. Morgan Stanley cut their price target on shares of Campbell Soup from $47.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, October 13th. Finally, Piper Jaffray Companies set a $49.00 price target on shares of Campbell Soup and gave the company a “hold” rating in a research report on Tuesday, November 28th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $50.08.

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Campbell Soup Company 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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