AXQ Capital LP Purchases 5,414 Shares of The Campbell Soup Company (NASDAQ:CPB)

AXQ Capital LP lifted its position in The Campbell Soup Company (NASDAQ:CPB) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,846 shares of the company’s stock after buying an additional 5,414 shares during the quarter. AXQ Capital LP’s holdings in Campbell Soup were worth $1,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sherman Asset Management Inc. bought a new position in Campbell Soup during the fourth quarter worth $36,000. Principal Securities Inc. boosted its position in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares during the period. Kentucky Trust Co bought a new stake in shares of Campbell Soup in the fourth quarter valued at about $42,000. Quent Capital LLC boosted its position 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 valued at $46,000 after acquiring an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Campbell Soup in the fourth quarter valued at about $47,000. 52.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

CPB has been the subject of a number of recent research reports. Jefferies Financial Group reduced their target price on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. Citigroup reduced their target price on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a research report on Thursday, March 6th. Consumer Edge reissued an “equal weight” rating on shares of Campbell Soup in a research report on Monday, March 17th. Wells Fargo & Company dropped their price target on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Finally, DA Davidson dropped their price target on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $45.23.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

NASDAQ:CPB opened at $38.08 on Friday. The stock has a market cap of $11.35 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. 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 stock’s 50-day moving average is $39.07 and its 200-day moving average is $43.53. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Campbell Soup’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is 90.17%.

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.