Hartford Investment Management Co. Has $879,000 Position in Campbell Soup (CPB)

Hartford Investment Management Co. lowered its holdings in Campbell Soup (NYSE:CPB) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,658 shares of the company’s stock after selling 6,625 shares during the quarter. Hartford Investment Management Co.’s holdings in Campbell Soup were worth $879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Csenge Advisory Group bought a new stake in Campbell Soup in the third quarter valued at about $33,000. Flagship Harbor Advisors LLC increased its stake in Campbell Soup by 49.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,283 shares of the company’s stock valued at $42,000 after acquiring an additional 425 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Campbell Soup by 367.4% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock valued at $132,000 after acquiring an additional 2,822 shares during the period. Exane Derivatives bought a new stake in Campbell Soup in the third quarter valued at about $138,000. Finally, Truvestments Capital LLC acquired a new position in Campbell Soup in the third quarter valued at about $150,000. 53.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of CPB stock opened at $34.56 on Wednesday. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 2.52 and a beta of 0.43. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.69 and a quick ratio of 0.35. Campbell Soup has a 12 month low of $32.03 and a 12 month high of $48.10.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Tuesday, November 20th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.66 billion. Campbell Soup had a net margin of 1.95% and a return on equity of 53.81%. Campbell Soup’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. Analysts forecast that Campbell Soup will post 2.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 28th. Shareholders of record on Wednesday, January 9th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, January 8th. This represents a $1.40 dividend on an annualized basis and a yield of 4.05%. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.

A number of equities analysts have commented on CPB shares. Wells Fargo & Co set a $42.00 price target on shares of Campbell Soup and gave the company a “hold” rating in a research report on Monday, November 26th. Piper Jaffray Companies set a $37.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a research report on Monday, November 26th. Deutsche Bank restated a “hold” rating on shares of Campbell Soup in a research report on Tuesday, November 27th. Credit Suisse Group boosted their price target on shares of Campbell Soup from $33.00 to $36.00 and gave the company an “underperform” rating in a research report on Wednesday, November 21st. Finally, Zacks Investment Research lowered shares of Campbell Soup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Ten investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Campbell Soup presently has an average rating of “Sell” and a consensus target price of $38.71.

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About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

Further Reading: Back-End Load

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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