Virtu Financial LLC Purchases Shares of 18,976 The Campbell Soup Company (NASDAQ:CPB)

Virtu Financial LLC purchased a new stake in shares of The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, Holdings Channel reports. The fund purchased 18,976 shares of the company’s stock, valued at approximately $795,000.

Several other institutional investors have also recently made changes to their positions in CPB. Natixis Advisors LLC lifted its position in Campbell Soup by 5.2% during the third quarter. Natixis Advisors LLC now owns 45,001 shares of the company’s stock valued at $2,201,000 after purchasing an additional 2,205 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of Campbell Soup by 2.3% in the third quarter. Pathstone Holdings LLC now owns 59,290 shares of the company’s stock worth $2,900,000 after buying an additional 1,341 shares during the period. Intech Investment Management LLC lifted its position in shares of Campbell Soup by 59.8% during the 3rd quarter. Intech Investment Management LLC now owns 43,699 shares of the company’s stock valued at $2,138,000 after buying an additional 16,357 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Campbell Soup by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock valued at $86,375,000 after acquiring an additional 12,822 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in Campbell Soup by 43.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after acquiring an additional 2,809 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Down 0.1 %

NASDAQ CPB opened at $38.05 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 Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 2.71 and a beta of 0.15. The company has a fifty day moving average of $39.06 and a two-hundred day moving average of $43.32.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results 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 net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict 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. Investors of record on Thursday, April 3rd will be paid 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 dividend payout ratio is currently 90.17%.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CPB shares. Morgan Stanley began coverage on shares of Campbell Soup in a report on Monday. They set an “equal weight” rating and a $40.00 price target on the stock. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Consumer Edge restated an “equal weight” rating on shares of Campbell Soup in a research report on Monday, March 17th. Jefferies Financial Group reduced their price target on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Finally, Barclays decreased their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $44.86.

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.