Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,620 shares of the company's stock after acquiring an additional 19,306 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Campbell Soup worth $13,633,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Sherman Asset Management Inc. purchased a new stake in Campbell Soup in the 4th quarter worth about $36,000. Principal Securities Inc. raised its holdings in Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after acquiring an additional 290 shares during the period. Kentucky Trust Co acquired a new position in shares of Campbell Soup during the 4th quarter worth about $42,000. Quent Capital LLC boosted its position in shares of Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after acquiring an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in shares of Campbell Soup during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 52.35% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CPB. Barclays dropped their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a research note on Friday, December 6th. DA Davidson lowered their target price on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Bank of America cut their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company decreased their target price on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Finally, BNP Paribas raised Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $44.86.
Check Out Our Latest Stock Report on Campbell Soup
Campbell Soup Stock Performance
Campbell Soup stock traded down $1.03 during trading on Friday, hitting $38.79. The stock had a trading volume of 5,119,745 shares, compared to its average volume of 2,728,129. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The stock's 50 day moving average is $39.16 and its two-hundred day moving average is $42.71.
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. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. The firm's revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.
Campbell Soup Announces Dividend
The firm also recently disclosed 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 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is currently 90.17%.
Insider Activity at Campbell Soup
In other news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the sale, the executive vice president now directly owns 37,590 shares of the company's stock, valued at approximately $1,504,727.70. This represents a 6.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 20.19% of the stock is currently owned by company insiders.
Campbell Soup Company Profile
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Free Report)
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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