The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,162 shares of the company’s stock after acquiring an additional 5,080 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Campbell Soup were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CPB. Sherman Asset Management Inc. acquired a new stake in shares of Campbell Soup during the fourth quarter worth $36,000. Principal Securities Inc. lifted its stake in shares of 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 purchased a new stake in shares of Campbell Soup in the fourth quarter valued at about $42,000. Quent Capital LLC increased its stake in shares of Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after acquiring an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Campbell Soup during the fourth quarter worth about $47,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 20.19% of the company’s stock.

Campbell Soup Trading Up 0.4 %

Shares of CPB opened at $39.72 on Monday. 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 Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The firm has a 50 day simple moving average of $39.08 and a 200-day simple moving average of $43.03.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share 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 company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. The business’s revenue was up 9.3% compared to the same quarter last year. Equities analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.93%. Campbell Soup’s dividend payout ratio is currently 90.17%.

Analyst Ratings Changes

CPB has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Jefferies Financial Group dropped their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. DA Davidson reduced their target price on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Finally, Bank of America cut 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. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and an average target price of $44.86.

Campbell Soup 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.