Stifel Financial Corp grew its position in Campbell Soup Company (NYSE:CPB) by 6.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,993 shares of the company’s stock after acquiring an additional 1,133 shares during the period. Stifel Financial Corp’s holdings in Campbell Soup were worth $839,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Motco increased its holdings in Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after purchasing an additional 1,600 shares during the period. First Personal Financial Services increased its holdings in Campbell Soup by 180.9% in the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after purchasing an additional 1,724 shares during the period. Meeder Asset Management Inc. acquired a new stake in Campbell Soup in the third quarter valued at $175,000. Victory Capital Management Inc. increased its holdings in Campbell Soup by 6.1% in the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after purchasing an additional 213 shares during the period. Finally, First Allied Advisory Services Inc. increased its holdings in Campbell Soup by 6.3% in the second 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. Institutional investors own 46.04% of the company’s stock.

In other news, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Carolan sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were 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 in the company, valued at approximately $1,998,513.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,104 shares of company stock valued at $630,117. 37.20% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on CPB. Royal Bank of Canada decreased their price objective on Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating for the company in a report on Monday, November 20th. Citigroup restated a “neutral” rating and issued a $54.00 price objective (up from $50.00) on shares of Campbell Soup in a report on Wednesday, December 20th. JPMorgan Chase & Co. restated a “hold” rating and issued a $50.00 price objective on shares of Campbell Soup in a report on Friday, December 15th. Piper Jaffray Companies reiterated a “neutral” rating and set a $50.00 price target (down from $56.00) on shares of Campbell Soup in a report on Monday, September 11th. Finally, Credit Suisse Group set a $41.00 price target on Campbell Soup and gave the stock a “sell” rating in a report on Friday, November 24th. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $49.83.

Shares of Campbell Soup Company (NYSE CPB) opened at $48.58 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39. The company has a market capitalization of $14,520.00, a PE ratio of 16.99, a PEG ratio of 3.84 and a beta of 0.40. Campbell Soup Company has a 12 month low of $44.99 and a 12 month high of $64.23.

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

Campbell Soup declared that its Board of Directors has authorized a stock buyback plan on Monday, December 18th that allows the company to repurchase outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.88%. Campbell Soup’s dividend payout ratio is presently 48.95%.

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About Campbell Soup

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.

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

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