The Campbell Soup Company (NASDAQ:CPB) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,756 shares of the company’s stock after buying an additional 9,999 shares during the period. UniSuper Management Pty Ltd’s holdings in Campbell Soup were worth $1,749,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CPB. Elo Mutual Pension Insurance Co lifted its holdings in shares of Campbell Soup by 29.7% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 22,162 shares of the company’s stock valued at $928,000 after acquiring an additional 5,080 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Campbell Soup by 6.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 326,620 shares of the company’s stock valued at $13,633,000 after purchasing an additional 19,306 shares in the last quarter. Korea Investment CORP lifted its stake in shares of Campbell Soup by 415.9% during the fourth quarter. Korea Investment CORP now owns 157,950 shares of the company’s stock worth $6,615,000 after purchasing an additional 127,334 shares in the last quarter. TrueMark Investments LLC boosted its position in shares of Campbell Soup by 137.9% in the fourth quarter. TrueMark Investments LLC now owns 10,564 shares of the company’s stock worth $442,000 after buying an additional 6,123 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Campbell Soup by 8.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 360,758 shares of the company’s stock worth $15,109,000 after buying an additional 28,917 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s 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 transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CPB has been the topic of several recent research reports. Morgan Stanley began coverage on Campbell Soup in a research report on Monday, March 24th. They set an “equal weight” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $37.00 in a research note on Thursday, March 6th. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. DA Davidson dropped their price target on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada cut their target price on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.86.

Campbell Soup Stock Up 0.4 %

Shares of Campbell Soup stock opened at $39.72 on Monday. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.71 and a beta of 0.15. 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 business’s 50 day simple moving average is $39.08 and its 200-day simple moving average is $43.03.

Campbell Soup (NASDAQ:CPB) last issued its 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 firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The company also recently announced 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. This represents a $1.56 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is 90.17%.

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.