Campbell Soup (NYSE:CPB) Holdings Raised by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands grew its position in Campbell Soup (NYSE:CPB) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,000 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Campbell Soup were worth $2,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Campbell Soup by 2.0% in the 3rd quarter. California State Teachers Retirement System now owns 319,520 shares of the company’s stock valued at $15,455,000 after acquiring an additional 6,335 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Campbell Soup by 121.6% in the 4th quarter. Russell Investments Group Ltd. now owns 482,224 shares of the company’s stock valued at $23,253,000 after acquiring an additional 264,642 shares during the last quarter. Morgan Stanley increased its holdings in shares of Campbell Soup by 7.0% in the 3rd quarter. Morgan Stanley now owns 923,830 shares of the company’s stock valued at $44,685,000 after acquiring an additional 60,175 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Campbell Soup by 22.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the company’s stock valued at $609,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Managed Asset Portfolios LLC grew its stake in Campbell Soup by 2.1% during the 4th quarter. Managed Asset Portfolios LLC now owns 343,128 shares of the company’s stock worth $16,590,000 after buying an additional 6,915 shares during the last quarter. Institutional investors and hedge funds own 51.48% of the company’s stock.

In other news, EVP Craig Slavtcheff sold 7,000 shares of the company’s stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $48.88, for a total value of $342,160.00. Following the completion of the sale, the executive vice president now owns 36,810 shares in the company, valued at $1,799,272.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 35.64% of the company’s stock.

A number of research analysts recently commented on CPB shares. Credit Suisse Group lowered their price objective on Campbell Soup from $55.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, December 10th. Morgan Stanley upped their price objective on Campbell Soup from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 18th. Jefferies Financial Group lowered their price objective on Campbell Soup from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, January 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Campbell Soup from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, February 25th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Campbell Soup currently has a consensus rating of “Hold” and a consensus target price of $51.27.

Shares of Campbell Soup stock opened at $49.22 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 1.80. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 10.65 and a beta of 0.51. The business has a fifty day simple moving average of $48.11 and a 200-day simple moving average of $47.96. Campbell Soup has a fifty-two week low of $44.53 and a fifty-two week high of $54.08.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Tuesday, March 9th. The company reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.30 billion. Campbell Soup had a return on equity of 37.44% and a net margin of 20.02%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Analysts anticipate that Campbell Soup will post 3.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 3rd. Stockholders of record on Thursday, April 8th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, April 7th. This represents a $1.48 annualized dividend and a dividend yield of 3.01%. Campbell Soup’s dividend payout ratio (DPR) is 50.17%.

Campbell Soup Profile

Campbell Soup Company, together with its subsidiaries, engages in the manufacture and market food and beverage products. It operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; V8 juices and beverages; and Campbell's tomato juice.

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

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