GABELLI & Co INVESTMENT ADVISERS INC. Takes Position in The Campbell Soup Company (NASDAQ:CPB)

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,000 shares of the company's stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sherman Asset Management Inc. purchased a new stake in shares of Campbell Soup in the fourth quarter worth approximately $36,000. Principal Securities Inc. lifted its holdings in shares of 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 buying an additional 290 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of Campbell Soup during the 4th quarter worth $42,000. Quent Capital LLC lifted its stake in shares of Campbell Soup by 77.7% in the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after purchasing an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Campbell Soup in the fourth quarter worth $47,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Price Performance

CPB stock traded up $0.03 during trading on Monday, hitting $37.56. 358,509 shares of the stock traded hands, compared to its average volume of 2,759,665. 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 has a market cap of $11.20 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a one year low of $36.02 and a one year high of $52.81. The company has a 50 day simple moving average of $39.02 and a 200 day simple moving average of $41.66.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted 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 company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The company's quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.15%. Campbell Soup's dividend payout ratio (DPR) is currently 90.17%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CPB. JPMorgan Chase & Co. lowered Campbell Soup from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $48.00 to $37.00 in a report on Thursday, March 6th. Bank of America lowered their target price on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a research note on Thursday, March 6th. Royal Bank of Canada decreased their price target on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. DA Davidson cut their price objective on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus dropped their price target on Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup currently has an average rating of "Hold" and an average price target 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 dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.19% of the stock is currently owned by company insiders.

Campbell Soup Company 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.