Andra AP fonden Buys New Shares in The Campbell Soup Company (NASDAQ:CPB)

Andra AP fonden purchased 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 institutional investor purchased 156,300 shares of the company's stock, valued at approximately $6,546,000. Andra AP fonden owned 0.05% of Campbell Soup at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of 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 in the last quarter. Victory Capital Management Inc. lifted its holdings in Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company's stock worth $58,342,000 after buying an additional 558,944 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Campbell Soup by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company's stock worth $387,273,000 after acquiring an additional 531,281 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Campbell Soup in the 4th quarter valued at about $21,312,000. Finally, Galvin Gaustad & Stein LLC acquired a new stake in shares of Campbell Soup during the 4th quarter worth about $14,769,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell Soup Stock Up 5.1 %

Shares of Campbell Soup stock opened at $41.81 on Friday. The company has a market cap of $12.47 billion, a P/E ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.15. The firm has a fifty day moving average of $39.39 and a two-hundred day moving average of $44.31. 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 Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81.

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Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is currently 90.17%.

Analysts Set New Price Targets

CPB has been the topic of several recent analyst reports. Bank of America dropped their price target 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. JPMorgan Chase & Co. downgraded shares of Campbell Soup from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $48.00 to $37.00 in a research report on Thursday. Barclays reduced their price target on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a research report on Friday, December 6th. Jefferies Financial Group dropped their price objective on Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a report on Wednesday. Finally, DA Davidson reissued a "neutral" rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $46.36.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of the business's 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 sale, the executive vice president now owns 16,551 shares of the company's stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.19% of the company's stock.

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.

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