Principal Financial Group Inc. Purchases 17,663 Shares of Campbell Soup (NASDAQ:CPB)

Principal Financial Group Inc. raised its stake in Campbell Soup (NASDAQ:CPB - Free Report) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,607 shares of the company's stock after buying an additional 17,663 shares during the quarter. Principal Financial Group Inc. owned 0.09% of Campbell Soup worth $13,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its position in shares of Campbell Soup by 15.1% during the second quarter. HB Wealth Management LLC now owns 6,759 shares of the company's stock worth $305,000 after purchasing an additional 887 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Campbell Soup by 20.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 37,894 shares of the company's stock worth $1,712,000 after acquiring an additional 6,305 shares in the last quarter. Signaturefd LLC grew its stake in Campbell Soup by 5.1% in the second quarter. Signaturefd LLC now owns 13,880 shares of the company's stock valued at $627,000 after acquiring an additional 678 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Campbell Soup by 1.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,219 shares of the company's stock worth $1,004,000 after acquiring an additional 333 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Campbell Soup in the second quarter worth about $44,000. Institutional investors own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. DA Davidson reiterated a "neutral" rating and set a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Stephens restated an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. Citigroup reduced their price objective on Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research report on Thursday, December 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five 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 target price of $50.92.

Campbell Soup Stock Performance

CPB traded up $0.09 during trading on Friday, hitting $41.81. The stock had a trading volume of 1,128,275 shares, compared to its average volume of 2,578,025. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 2.96 and a beta of 0.18. The company has a 50 day moving average price of $44.52 and a 200-day moving average price of $46.75. Campbell Soup has a one year low of $40.26 and a one year high of $52.81.

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. Campbell Soup's dividend payout ratio (DPR) is currently 85.25%.

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.