Elo Mutual Pension Insurance Co Boosts Stake in The Campbell Soup Company (NASDAQ:CPB)

Elo Mutual Pension Insurance Co lifted its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 29.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,162 shares of the company’s stock after purchasing 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPB. FMR LLC increased its position in shares of Campbell Soup by 34.2% during the third quarter. FMR LLC now owns 165,494 shares of the company’s stock valued at $8,096,000 after acquiring an additional 42,216 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Campbell Soup by 16.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 332,855 shares of the company’s stock valued at $16,283,000 after purchasing an additional 47,105 shares during the last quarter. Townsquare Capital LLC purchased a new stake in Campbell Soup in the third quarter valued at approximately $223,000. Public Sector Pension Investment Board lifted its stake in Campbell Soup by 15.4% during the third quarter. Public Sector Pension Investment Board now owns 9,009 shares of the company’s stock worth $441,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Campbell Soup by 348.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,241 shares of the company’s stock worth $7,007,000 after buying an additional 111,300 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Price Performance

CPB stock opened at $39.72 on Monday. The stock has a market cap 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 Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. 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 business has a 50 day moving average price of $39.08 and a 200 day moving average price of $43.03.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data 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. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays decreased their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. DA Davidson lowered their price objective on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada cut their target price on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 6th. Finally, Bank of America decreased their price target on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $44.86.

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 stock was 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 in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 20.19% of the company’s stock.

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.