Raiffeisen Bank International AG Invests $48.47 Million in The Campbell’s Company (NASDAQ:CPB)

Raiffeisen Bank International AG purchased a new stake in The Campbell’s Company (NASDAQ:CPB) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,170,161 shares of the company’s stock, valued at approximately $48,468,000.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in shares of Campbell’s by 6.8% in the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock valued at $13,629,000 after buying an additional 17,663 shares in the last quarter. Czech National Bank lifted its position in Campbell’s by 6.1% in the 4th quarter. Czech National Bank now owns 42,590 shares of the company’s stock valued at $1,784,000 after acquiring an additional 2,450 shares in the last quarter. Brookstone Capital Management boosted its position in Campbell’s by 4.3% during the 4th quarter. Brookstone Capital Management now owns 23,859 shares of the company’s stock worth $999,000 after acquiring an additional 994 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of Campbell’s in the 4th quarter valued at about $745,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Campbell’s by 5.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 13,331 shares of the company’s stock valued at $558,000 after acquiring an additional 703 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CPB shares. Bank of America lowered their target price on Campbell’s from $45.00 to $41.00 and set an “underperform” rating on the stock in a research note on Thursday, March 6th. Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell’s in a report on Monday, March 17th. Wells Fargo & Company lowered their price objective on Campbell’s from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Morgan Stanley initiated coverage on shares of Campbell’s in a research note on Monday, March 24th. They set an “equal weight” rating and a $40.00 target price for the company. Finally, JPMorgan Chase & Co. cut shares of Campbell’s from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.27.

Campbell’s Trading Down 2.5%

Shares of NASDAQ:CPB opened at $34.31 on Thursday. The Campbell’s Company has a 12-month low of $34.27 and a 12-month high of $52.81. 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 company has a market cap of $10.23 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 2.71 and a beta of 0.14. The stock has a 50 day moving average of $37.68 and a 200 day moving average of $40.30.

Campbell’s (NASDAQ:CPB) last released its earnings results 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 analyst estimates of $2.74 billion. Campbell’s had a net margin of 5.57% and a return on equity of 23.79%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts expect that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Thursday, July 3rd. Campbell’s’s payout ratio is 90.17%.

Insiders Place Their Bets

In other Campbell’s news, EVP Charles A. Brawley III sold 2,498 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the sale, the executive vice president now owns 37,590 shares in the company, valued at approximately $1,504,727.70. This represents a 6.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 20.19% of the company’s stock.

About Campbell’s

The Campbell’s Company, formerly known as 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.