Lbp Am Sa Buys New Position in The Campbell Soup Company (NASDAQ:CPB)

LBP AM SA purchased a new position in shares of 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 fund purchased 193,057 shares of the company's stock, valued at approximately $8,085,000. LBP AM SA owned 0.06% of Campbell Soup as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of Campbell Soup by 6.8% in the 3rd quarter. Principal Financial Group Inc. now owns 278,607 shares of the company's stock worth $13,629,000 after buying an additional 17,663 shares in the last quarter. Assetmark Inc. raised its stake in shares of Campbell Soup by 170.7% in the 3rd quarter. Assetmark Inc. now owns 1,819 shares of the company's stock worth $89,000 after buying an additional 1,147 shares in the last quarter. Atria Investments Inc raised its stake in shares of Campbell Soup by 10.7% in the 3rd quarter. Atria Investments Inc now owns 5,600 shares of the company's stock worth $274,000 after buying an additional 541 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Campbell Soup in the 3rd quarter worth $315,000. Finally, Entropy Technologies LP bought a new stake in shares of Campbell Soup in the 3rd quarter worth $830,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Analyst Ratings Changes

CPB has been the topic of a number of research reports. Stephens reissued an "overweight" rating on shares of Campbell Soup in a research note on Wednesday, December 4th. JPMorgan Chase & Co. downgraded Campbell Soup from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Royal Bank of Canada dropped their price objective on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 6th. Citigroup cut their target price on Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a research report on Thursday, March 6th. Finally, Jefferies Financial Group cut their target price on Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $45.23.

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Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the company's stock in a transaction dated Friday, January 3rd. The stock was 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 in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Campbell Soup Stock Down 0.8 %

NASDAQ CPB traded down $0.30 on Wednesday, reaching $38.50. The stock had a trading volume of 3,963,704 shares, compared to its average volume of 2,588,166. The business has a 50 day moving average price of $39.11 and a 200 day moving average price of $43.69. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.71 and a beta of 0.15.

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

Campbell Soup Dividend Announcement

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 is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.05%. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.

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.