KLP Kapitalforvaltning AS Invests $3.28 Million in The Campbell Soup Company (NASDAQ:CPB)

KLP Kapitalforvaltning AS bought a new stake in The Campbell Soup Company (NASDAQ:CPB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 78,250 shares of the company's stock, valued at approximately $3,277,000.

Other large investors have also recently bought and sold shares of the company. Sherman Asset Management Inc. bought a new stake in shares of Campbell Soup in the 4th quarter worth approximately $36,000. Principal Securities Inc. increased its holdings in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after buying an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new stake in shares of Campbell Soup during the 4th quarter valued at $42,000. Quent Capital LLC boosted its stake in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Campbell Soup in the 4th quarter worth $47,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CPB shares. Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell Soup in a report on Monday, March 17th. BNP Paribas raised shares of Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Citigroup dropped their target price on shares of Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a research report on Thursday, March 6th. Stephens restated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada decreased their price objective on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $44.86.

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Campbell Soup Stock Up 0.4 %

Shares of CPB stock traded up $0.14 on Friday, hitting $39.72. The company's stock had a trading volume of 2,014,581 shares, compared to its average volume of 2,705,660. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The firm's fifty day moving average price is $39.08 and its 200-day moving average price is $43.03. 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 (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 3.93%. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.