Arizona State Retirement System Grows Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Arizona State Retirement System increased its position in The Campbell Soup Company (NASDAQ:CPB) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,171 shares of the company’s stock after purchasing an additional 573 shares during the quarter. Arizona State Retirement System’s holdings in Campbell Soup were worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of Campbell Soup in the fourth quarter valued at $1,664,000. SPC Financial Inc. boosted its stake in shares of Campbell Soup by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock valued at $569,000 after purchasing an additional 300 shares during the period. Assetmark Inc. boosted its stake in shares of Campbell Soup by 111.7% in the fourth quarter. Assetmark Inc. now owns 3,851 shares of the company’s stock valued at $161,000 after purchasing an additional 2,032 shares during the period. NewSquare Capital LLC purchased a new position in shares of Campbell Soup in the fourth quarter valued at $51,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Campbell Soup by 53.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 51,142 shares of the company’s stock valued at $2,119,000 after purchasing an additional 17,849 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CPB. JPMorgan Chase & Co. downgraded shares of Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $48.00 to $37.00 in a research note on Thursday, March 6th. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Wells Fargo & Company cut their price target on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Stifel Nicolaus cut their price target on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Campbell Soup presently has an average rating of “Hold” and a consensus price target of $46.36.

Campbell Soup Stock Up 0.6 %

Shares of NASDAQ:CPB opened at $42.04 on Tuesday. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 1-year low of $36.92 and a 1-year high of $52.81. The company’s fifty day moving average is $39.39 and its two-hundred day moving average is $44.22. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS 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 analyst estimates 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 analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current 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 given a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.71%. Campbell Soup’s dividend payout ratio is currently 90.17%.

Insider Transactions at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s 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 owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.