Gabelli Funds LLC Has $31.30 Million Holdings in The Campbell Soup Company (NASDAQ:CPB)

Gabelli Funds LLC lifted its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 747,325 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Gabelli Funds LLC’s holdings in Campbell Soup were worth $31,298,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sherman Asset Management Inc. bought a new stake in shares of Campbell Soup during the fourth quarter worth about $36,000. Principal Securities Inc. raised its stake in shares of Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of Campbell Soup during the fourth quarter worth $42,000. Quent Capital LLC grew its stake in shares of Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after purchasing an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Campbell Soup in the fourth quarter valued at $47,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

CPB opened at $38.88 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company’s fifty day moving average price is $39.03 and its two-hundred day moving average price is $41.96. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a 1-year low of $36.02 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued 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 return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.01%. Campbell Soup’s payout ratio is 90.17%.

Analyst Ratings Changes

A number of research firms have commented on CPB. Jefferies Financial Group reduced their price target on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Consumer Edge reiterated an “equal weight” rating on shares of Campbell Soup in a report on Monday, March 17th. Citigroup dropped their price target on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research report on Thursday, March 6th. Bank of America decreased their price objective on shares of 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, DA Davidson dropped their target price on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.86.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Charles A. Brawley III sold 2,498 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares of the company’s stock, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is owned by insiders.

About Campbell Soup

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.