Commerzbank Aktiengesellschaft FI Grows Position in The Campbell Soup Company (NASDAQ:CPB)

Commerzbank Aktiengesellschaft FI increased its position in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 53.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,142 shares of the company's stock after purchasing an additional 17,849 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Campbell Soup were worth $2,119,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Campbell Soup by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company's stock worth $74,860,000 after acquiring an additional 21,849 shares during the period. Jones Financial Companies Lllp raised its position in Campbell Soup by 18.1% during the fourth quarter. Jones Financial Companies Lllp now owns 20,789 shares of the company's stock valued at $871,000 after purchasing an additional 3,190 shares in the last quarter. Sherman Asset Management Inc. bought a new stake in Campbell Soup during the fourth quarter worth $36,000. Hamel Associates Inc. acquired a new stake in shares of Campbell Soup in the 4th quarter valued at $3,246,000. Finally, Metis Global Partners LLC increased its stake in shares of Campbell Soup by 10.6% in the 4th quarter. Metis Global Partners LLC now owns 14,259 shares of the company's stock valued at $597,000 after purchasing an additional 1,369 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Trading Up 5.1 %

Shares of CPB stock traded up $2.02 on Friday, hitting $41.81. The company had a trading volume of 6,629,049 shares, compared to its average volume of 2,571,808. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month 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 firm has a market cap of $12.46 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.71 and a beta of 0.19. The stock's 50-day moving average is $39.39 and its two-hundred day moving average is $44.36.

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Campbell Soup (NASDAQ:CPB - Get Free Report) last released its earnings results 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 business 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 business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.73%. Campbell Soup's dividend payout ratio (DPR) is currently 85.25%.

Analyst Ratings Changes

Several brokerages recently weighed in on CPB. Stephens restated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Royal Bank of Canada dropped their target price on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday. Citigroup decreased their price target on shares of Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday. Bank of America dropped their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a research note on Thursday. Finally, Piper Sandler raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $46.36.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company's stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 20.19% of the company's stock.

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.