California Public Employees Retirement System Has $38.02 Million Stock Position in The Campbell Soup Company (NASDAQ:CPB)

California Public Employees Retirement System raised its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 907,798 shares of the company's stock after purchasing an additional 10,580 shares during the quarter. California Public Employees Retirement System owned about 0.30% of Campbell Soup worth $38,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock valued at $91,623,000 after buying an additional 1,792,005 shares during the period. Norges Bank acquired a new position in Campbell Soup during the fourth quarter worth about $50,908,000. Van ECK Associates Corp raised its position in Campbell Soup by 6.1% in the fourth 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. acquired a new stake in Campbell Soup in the 4th quarter valued at about $21,312,000. Finally, Vanguard Group Inc. boosted its position in shares of Campbell Soup by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company's stock valued at $989,440,000 after purchasing an additional 447,203 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Down 1.8 %

Shares of Campbell Soup stock traded down $0.70 during trading on Monday, hitting $38.09. 4,571,617 shares of the stock traded hands, compared to its average volume of 2,735,475. The company has a fifty day moving average price of $39.12 and a two-hundred day moving average price of $42.50. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The stock has a market cap of $11.36 billion, a P/E ratio of 20.81, a PEG ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

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Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts predict that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.10%. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.

Insider Activity

In related news, EVP Charles A. Brawley III sold 2,498 shares of the firm'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 transaction, the executive vice president now directly owns 37,590 shares in the company, valued at approximately $1,504,727.70. This trade represents a 6.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 20.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CPB. Stifel Nicolaus decreased their price target on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Morgan Stanley assumed coverage on Campbell Soup in a research report on Monday, March 24th. They set an "equal weight" rating and a $40.00 target price on the stock. DA Davidson decreased their price target on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. BNP Paribas upgraded Campbell Soup to a "strong sell" rating in a report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their target price on shares of Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $44.86.

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.