54,600 Shares in Campbell Soup Company (CPB) Acquired by Sompo Japan Nipponkoa Asset Management CO. LTD.

Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new stake in Campbell Soup Company (NYSE:CPB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 54,600 shares of the company’s stock, valued at approximately $2,556,000.

A number of other institutional investors have also recently bought and sold shares of CPB. Motco raised its position in shares of Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after acquiring an additional 1,600 shares during the last quarter. First Personal Financial Services raised its position in shares of Campbell Soup by 180.9% during the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock worth $125,000 after acquiring an additional 1,724 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Campbell Soup during the third quarter worth about $175,000. Victory Capital Management Inc. raised its position in shares of Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock worth $195,000 after acquiring an additional 213 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its position in shares of Campbell Soup by 6.3% during the second quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock worth $201,000 after acquiring an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 46.33% of the company’s stock.

Campbell Soup Company (NYSE CPB) traded up $1.10 during midday trading on Tuesday, reaching $50.32. The company had a trading volume of 3,456,700 shares, compared to its average volume of 2,005,990. Campbell Soup Company has a fifty-two week low of $44.99 and a fifty-two week high of $64.23. The firm has a market capitalization of $14,792.01, a PE ratio of 16.74, a P/E/G ratio of 3.74 and a beta of 0.40. The company has a quick ratio of 0.42, a current ratio of 0.77 and a debt-to-equity ratio of 1.34.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. sell-side analysts predict that Campbell Soup Company will post 2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.78%. Campbell Soup’s dividend payout ratio (DPR) is presently 48.95%.

In other news, insider Luca Mignini acquired 4,300 shares of Campbell Soup stock in a transaction on Wednesday, September 27th. The stock was purchased at an average price of $46.47 per share, with a total value of $199,821.00. Following the completion of the purchase, the insider now owns 88,178 shares of the company’s stock, valued at approximately $4,097,631.66. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. Company insiders own 37.20% of the company’s stock.

A number of equities analysts have recently issued reports on CPB shares. Royal Bank Of Canada set a $56.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Goldman Sachs Group lowered their price objective on Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research report on Sunday, September 3rd. UBS lowered their price objective on Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a research report on Thursday, November 9th. Credit Suisse Group set a $41.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Finally, Morgan Stanley restated an “underweight” rating and set a $47.00 price objective (down from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.91.

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Campbell Soup Profile

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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