Diversified Trust Co Has $3.67 Million Stock Holdings in Campbell Soup (NASDAQ:CPB)

Diversified Trust Co decreased its position in Campbell Soup (NASDAQ:CPB) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,586 shares of the company’s stock after selling 259 shares during the period. Diversified Trust Co’s holdings in Campbell Soup were worth $3,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares during the period. Raymond James Trust N.A. grew its position in shares of Campbell Soup by 43.8% during the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after buying an additional 2,809 shares during the period. FMR LLC increased its stake in shares of Campbell Soup by 34.2% in the 3rd quarter. FMR LLC now owns 165,494 shares of the company’s stock valued at $8,096,000 after acquiring an additional 42,216 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Campbell Soup in the 3rd quarter valued at approximately $2,806,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after acquiring an additional 363,736 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Campbell Soup

In related 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 completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 20.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Stifel Nicolaus decreased their price target on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 5th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, TD Cowen raised their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.75.

Campbell Soup Trading Down 1.4 %

NASDAQ CPB opened at $39.95 on Wednesday. Campbell Soup has a 52 week low of $39.81 and a 52 week high of $52.81. 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 stock’s 50 day moving average price is $43.71 and its two-hundred day moving average price is $46.62. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.96 and a beta of 0.19.

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.39 per share. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 3.90%. Campbell Soup’s dividend payout ratio is presently 85.25%.

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.