The Campbell Soup Company (NASDAQ:CPB) Shares Acquired by Korea Investment CORP

Korea Investment CORP lifted its holdings in The Campbell Soup Company (NASDAQ:CPB) by 415.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,950 shares of the company’s stock after purchasing an additional 127,334 shares during the quarter. Korea Investment CORP owned about 0.05% of Campbell Soup worth $6,615,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of research reports. BNP Paribas raised Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Royal Bank of Canada cut 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 report on Thursday, March 6th. DA Davidson reduced their price target on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Bank of America dropped their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a report on Thursday, March 6th. Finally, Consumer Edge reiterated an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Four investment 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. According to MarketBeat.com, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $44.86.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.19% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB stock opened at $39.92 on Tuesday. 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 Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. The business’s 50 day moving average is $39.10 and its two-hundred day moving average is $42.92. The company has a market capitalization of $11.90 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.91%. Campbell Soup’s dividend payout ratio is currently 90.17%.

About Campbell Soup

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.