UniSuper Management Pty Ltd Increases Stock Position in The Campbell Soup Company (NASDAQ:CPB)

UniSuper Management Pty Ltd boosted its holdings in The Campbell Soup Company (NASDAQ:CPB) by 31.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,756 shares of the company’s stock after purchasing an additional 9,999 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Campbell Soup were worth $1,749,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its stake in shares of Campbell Soup by 2.8% during the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after buying an additional 262 shares during the period. Principal Securities Inc. increased its holdings in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares during the period. SPC Financial Inc. lifted its holdings in shares of Campbell Soup by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock worth $569,000 after purchasing an additional 300 shares during the period. Ascent Wealth Partners LLC grew its position in Campbell Soup by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock valued at $845,000 after buying an additional 306 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in Campbell Soup by 4.3% during the 4th quarter. HB Wealth Management LLC now owns 7,718 shares of the company’s stock worth $323,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price target 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. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. DA Davidson cut their target price on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Morgan Stanley began coverage on Campbell Soup in a research note on Monday, March 24th. They issued an “equal weight” rating and a $40.00 price target on the stock. Finally, Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell Soup in a report on Monday, March 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell Soup has an average rating of “Hold” and an average price target of $44.86.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $39.72 on Monday. 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 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 company’s 50-day moving average price is $39.08 and its 200 day moving average price is $43.03. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.93%. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Insider Activity at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the 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 directly owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.