Gamco Investors INC. ET AL Has $35.17 Million Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Gamco Investors INC. ET AL boosted its stake in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 23.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 839,888 shares of the company's stock after purchasing an additional 158,246 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.28% of Campbell Soup worth $35,174,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Campbell Soup by 2.3% during the third quarter. Wellington Management Group LLP now owns 41,529 shares of the company's stock valued at $2,032,000 after acquiring an additional 921 shares during the period. XTX Topco Ltd bought a new position in Campbell Soup during the third quarter valued at about $338,000. MML Investors Services LLC lifted its holdings in Campbell Soup by 8.1% in the 3rd quarter. MML Investors Services LLC now owns 10,581 shares of the company's stock valued at $518,000 after acquiring an additional 789 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Campbell Soup by 16.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,651 shares of the company's stock worth $321,000 after purchasing an additional 956 shares during the last quarter. Finally, Passumpsic Savings Bank bought a new stake in shares of Campbell Soup in the 3rd quarter worth approximately $221,000. Institutional investors own 52.35% of the company's stock.

Insider Activity

In other news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the sale, the executive vice president now owns 37,590 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 20.19% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on CPB shares. Royal Bank of Canada dropped their price target on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating on the stock in a report on Thursday, March 6th. Citigroup cut their price objective on Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, March 6th. BNP Paribas raised shares of Campbell Soup to a "strong sell" rating in a research report on Wednesday, February 26th. Bank of America lowered their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a research report on Thursday, March 6th. Finally, Morgan Stanley began coverage on Campbell Soup in a report on Monday, March 24th. They set an "equal weight" rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.86.

Campbell Soup Stock Performance

Shares of NASDAQ:CPB traded up $0.68 during trading on Friday, hitting $37.53. 2,536,347 shares of the stock were exchanged, compared to its average volume of 2,768,940. The company's fifty day simple moving average is $39.02 and its 200-day simple moving average is $41.70. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.74 billion. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. Sell-side analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed 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 yield of 4.16%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's payout ratio is 90.17%.

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.