Invesco Ltd. Acquires 1,282,957 Shares of The Campbell Soup Company (NASDAQ:CPB)

Invesco Ltd. lifted its position in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,645,548 shares of the company's stock after acquiring an additional 1,282,957 shares during the period. Invesco Ltd. owned about 1.56% of Campbell Soup worth $194,556,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC increased its position in Campbell Soup by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock worth $404,000 after buying an additional 262 shares during the period. Principal Securities Inc. raised its position in shares of Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after buying an additional 290 shares in the last quarter. SPC Financial Inc. raised its holdings in Campbell Soup by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock worth $569,000 after purchasing an additional 300 shares in the last quarter. Ascent Wealth Partners LLC raised its stake in shares of Campbell Soup by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock worth $845,000 after buying an additional 306 shares in the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of Campbell Soup by 4.3% in the fourth quarter. HB Wealth Management LLC now owns 7,718 shares of the company's stock valued at $323,000 after buying an additional 319 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Remove Ads

Campbell Soup Stock Down 3.0 %

Shares of NASDAQ:CPB traded down $1.16 during trading on Tuesday, reaching $37.72. 2,615,124 shares of the company traded hands, compared to its average volume of 2,759,227. The firm has a fifty day simple moving average of $39.03 and a 200 day simple moving average of $41.96. 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 Campbell Soup Company has a 1-year low of $36.02 and a 1-year high of $52.81. The firm has a market cap of $11.25 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share 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. Shareholders of record on Thursday, April 3rd will be given a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.14%. Campbell Soup's dividend payout ratio is currently 90.17%.

Insider Transactions 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 on Monday, March 31st. The shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. The trade was a 6.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 20.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CPB has been the subject of a number of research analyst reports. Royal Bank of Canada cut their price target on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a report on Thursday, March 6th. Jefferies Financial Group decreased their price target on shares of Campbell Soup from $42.00 to $40.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. Stifel Nicolaus cut their price objective on Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Bank of America decreased their target price on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a report on Thursday, March 6th. Finally, BNP Paribas raised Campbell Soup to a "strong sell" rating in a report 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 assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.