Teachers Retirement System of The State of Kentucky Sells 1,381 Shares of Campbell Soup (NASDAQ:CPB)

Teachers Retirement System of The State of Kentucky lessened its stake in Campbell Soup (NASDAQ:CPB) by 8.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,805 shares of the company’s stock after selling 1,381 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Campbell Soup were worth $724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CPB. Raymond James Trust N.A. grew its position in shares of 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 buying an additional 2,809 shares during the last quarter. FMR LLC boosted its stake in Campbell Soup by 34.2% in the third 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 in the last quarter. Centiva Capital LP purchased a new position in Campbell Soup in the third quarter worth $2,806,000. Dimensional Fund Advisors LP increased its position in shares of Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after purchasing an additional 363,736 shares in the last quarter. Finally, MN Wealth Advisors LLC purchased a new stake in shares of Campbell Soup during the 3rd quarter valued at $940,000. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Trading Down 3.2 %

Shares of Campbell Soup stock opened at $41.66 on Thursday. The stock has a market cap of $12.42 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 2.96 and a beta of 0.18. The firm has a fifty day moving average price of $45.56 and a 200 day moving average price of $46.88. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Analyst Ratings Changes

CPB has been the topic of several research analyst reports. TD Cowen boosted their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. DA Davidson reissued a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Barclays cut their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Finally, StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and an average target price of $50.92.

Campbell Soup 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.