The Campbell Soup Company (NASDAQ:CPB) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in The Campbell Soup Company (NASDAQ:CPB - Free Report) by 43.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,803 shares of the company's stock after purchasing an additional 9,315 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Campbell Soup were worth $1,290,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the last quarter. Raymond James Trust N.A. lifted its position in Campbell Soup by 43.8% during the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company's stock valued at $451,000 after acquiring an additional 2,809 shares during the last quarter. FMR LLC increased its stake in Campbell Soup by 34.2% during the 3rd quarter. FMR LLC now owns 165,494 shares of the company's stock valued at $8,096,000 after purchasing an additional 42,216 shares in the last quarter. Centiva Capital LP acquired a new position in Campbell Soup during the 3rd quarter valued at approximately $2,806,000. Finally, Smith Group Asset Management LLC acquired a new position in Campbell Soup during the 4th quarter valued at approximately $293,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Price Performance

CPB traded down $0.01 during midday trading on Friday, hitting $38.60. 2,270,851 shares of the company traded hands, compared to its average volume of 2,935,339. 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 company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.59 and a beta of 0.19. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The business has a 50 day simple moving average of $40.06 and a two-hundred day simple moving average of $45.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. On average, equities analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.04%. Campbell Soup's dividend payout ratio (DPR) is currently 85.25%.

Analyst Ratings Changes

CPB has been the topic of a number of recent analyst reports. Piper Sandler upgraded shares of Campbell Soup from a "neutral" rating to an "overweight" rating and upped their price target for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. DA Davidson reiterated a "neutral" rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th. Barclays cut their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research note on Friday, December 6th. Citigroup cut their price objective on shares of Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a research note on Thursday, December 5th. Finally, Stifel Nicolaus cut their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $50.17.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The shares were 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 directly owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.19% of the company's stock.

About Campbell Soup

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.