Lbp Am Sa Takes Position in The Campbell Soup Company (NASDAQ:CPB)

Lbp Am Sa acquired a new stake in shares of The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 193,057 shares of the company’s stock, valued at approximately $8,085,000. Lbp Am Sa owned 0.06% of Campbell Soup as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CPB. Principal Financial Group Inc. raised its position in Campbell Soup 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 purchasing an additional 17,663 shares during the period. Assetmark Inc. raised its holdings in shares of Campbell Soup by 170.7% during the 3rd quarter. Assetmark Inc. now owns 1,819 shares of the company’s stock valued at $89,000 after buying an additional 1,147 shares during the period. Atria Investments Inc raised its holdings in shares of Campbell Soup by 10.7% during the 3rd quarter. Atria Investments Inc now owns 5,600 shares of the company’s stock valued at $274,000 after buying an additional 541 shares during the period. Apollon Wealth Management LLC acquired a new position in Campbell Soup during the 3rd quarter worth approximately $315,000. Finally, Entropy Technologies LP acquired a new stake in Campbell Soup in the third quarter valued at approximately $830,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’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 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 can be accessed through this link. 20.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 6th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lowered shares of Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Wells Fargo & Company cut their target price on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Finally, Citigroup cut their price objective on Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research note on Thursday, March 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.23.

Campbell Soup Stock Down 0.1 %

Campbell Soup stock opened at $38.42 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. The company has a 50-day simple moving average of $39.22 and a 200-day simple moving average of $44.00. The firm has a market capitalization of $11.46 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last posted its 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 firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts expect 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. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is currently 90.17%.

Campbell Soup Company 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.