The Campbell Soup Company (NASDAQ:CPB) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,919 shares of the company's stock after buying an additional 10,228 shares during the quarter. Pictet Asset Management Holding SA's holdings in Campbell Soup were worth $6,237,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CPB. FMR LLC lifted its holdings in Campbell Soup by 34.2% during the 3rd quarter. FMR LLC now owns 165,494 shares of the company's stock worth $8,096,000 after buying an additional 42,216 shares in the last quarter. Townsquare Capital LLC purchased a new stake in shares of Campbell Soup during the third quarter worth $223,000. Public Sector Pension Investment Board raised its stake in shares of Campbell Soup by 15.4% in the third quarter. Public Sector Pension Investment Board now owns 9,009 shares of the company's stock valued at $441,000 after acquiring an additional 1,200 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in Campbell Soup in the third quarter valued at $219,000. Finally, Investment Management Corp of Ontario acquired a new position in Campbell Soup during the 3rd quarter worth $315,000. Institutional investors and hedge funds own 52.35% of the company's stock.

Campbell Soup Stock Performance

Campbell Soup stock traded down $1.27 during midday trading on Tuesday, hitting $36.82. 3,902,276 shares of the company's stock were exchanged, compared to its average volume of 2,741,860. 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 stock has a market cap of $10.98 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a 12-month low of $36.48 and a 12-month high of $52.81. The firm's 50 day simple moving average is $39.03 and its 200 day simple moving average is $42.36.

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Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.74 billion. The company's quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a $0.39 dividend. 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 4.24%. Campbell Soup's dividend payout ratio (DPR) is 90.17%.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Charles A. Brawley III sold 2,498 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. The trade was a 6.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CPB. Citigroup decreased their price objective on Campbell Soup from $39.00 to $37.00 and set a "sell" rating for the company in a research note on Thursday, March 6th. Bank of America lowered their price target on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a report on Thursday, March 6th. BNP Paribas upgraded shares of Campbell Soup to a "strong sell" rating in a report on Wednesday, February 26th. Consumer Edge reiterated an "equal weight" rating on shares of Campbell Soup in a research note on Monday, March 17th. Finally, Stifel Nicolaus cut their price target on Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. 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 currently has an average rating of "Hold" and an average price target 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.