TruNorth Capital Management LLC Has $34,000 Stock Position in The Campbell Soup Company (NASDAQ:CPB)

TruNorth Capital Management LLC lessened its position in The Campbell Soup Company (NASDAQ:CPB) by 38.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 800 shares of the company’s stock after selling 500 shares during the period. TruNorth Capital Management LLC’s holdings in Campbell Soup were worth $34,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CPB. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup in the 3rd quarter valued at $39,000. Principal Securities Inc. increased its stake in Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Campbell Soup in the fourth quarter valued at $42,000. Quent Capital LLC grew its holdings in shares of Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Campbell Soup during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CPB. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Citigroup dropped their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. DA Davidson reissued a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.17.

Campbell Soup Trading Up 1.8 %

Shares of CPB stock opened at $41.33 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The firm has a market cap of $12.32 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The business has a 50-day moving average price of $39.63 and a two-hundred day moving average price of $44.79. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Equities analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were issued a $0.39 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 3.77%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is currently 85.25%.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.19% of the company’s stock.

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.