Norinchukin Bank The Raises Holdings in The Campbell Soup Company (NASDAQ:CPB)

Norinchukin Bank The lifted its position in The Campbell Soup Company (NASDAQ:CPB) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,485 shares of the company’s stock after purchasing an additional 577 shares during the quarter. Norinchukin Bank The’s holdings in Campbell Soup were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Passumpsic Savings Bank bought a new stake in shares of Campbell Soup during the 3rd quarter worth approximately $221,000. Morse Asset Management Inc purchased a new position in Campbell Soup in the 3rd quarter worth about $183,000. Sanctuary Advisors LLC bought a new stake in Campbell Soup during the 3rd quarter valued at about $240,000. Wilmington Savings Fund Society FSB purchased a new stake in Campbell Soup in the 3rd quarter valued at about $216,000. Finally, Tidal Investments LLC grew its stake in Campbell Soup by 304.4% in the 3rd quarter. Tidal Investments LLC now owns 26,927 shares of the company’s stock worth $1,317,000 after acquiring an additional 20,268 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Trading Up 0.8 %

NASDAQ CPB opened at $37.88 on Wednesday. The stock has a market cap of $11.30 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.71 and a beta of 0.19. 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 $36.02 and a 12-month high of $52.81. The company has a fifty day simple moving average of $39.01 and a two-hundred day simple moving average of $41.59.

Campbell Soup (NASDAQ:CPB) last announced 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 analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Campbell Soup’s revenue was up 9.3% on a year-over-year basis. On average, analysts forecast that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors 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 annualized dividend and a dividend yield of 4.12%. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CPB. Royal Bank of Canada decreased their price target on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a research note on Thursday, March 6th. BNP Paribas raised Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Jefferies Financial Group dropped their price target on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley assumed coverage on shares of Campbell Soup in a research note on Monday, March 24th. They set an “equal weight” rating and a $40.00 price objective on the stock. Finally, Wells Fargo & Company lowered their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.86.

Insider Activity

In other news, EVP Charles A. Brawley III sold 2,498 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the sale, the executive vice president now directly owns 37,590 shares in the company, valued at $1,504,727.70. This trade represents a 6.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.