Resona Asset Management Co. Ltd. Purchases Shares of 91,115 The Campbell Soup Company (NASDAQ:CPB)

Resona Asset Management Co. Ltd. bought a new position in shares of The Campbell Soup Company (NASDAQ:CPB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 91,115 shares of the company's stock, valued at approximately $3,815,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Campbell Soup by 34.2% in the third quarter. FMR LLC now owns 165,494 shares of the company's stock worth $8,096,000 after purchasing an additional 42,216 shares during the period. Wellington Management Group LLP grew its holdings in Campbell Soup by 2.3% in the 3rd quarter. Wellington Management Group LLP now owns 41,529 shares of the company's stock valued at $2,032,000 after buying an additional 921 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Campbell Soup in the 3rd quarter worth approximately $341,000. iA Global Asset Management Inc. acquired a new position in shares of Campbell Soup during the third quarter worth approximately $300,000. Finally, National Bank of Canada FI boosted its position in shares of Campbell Soup by 75.5% in the third quarter. National Bank of Canada FI now owns 102,520 shares of the company's stock valued at $5,015,000 after acquiring an additional 44,107 shares during the period. Institutional investors own 52.35% of the company's stock.

Insider Activity at Campbell Soup

In related news, EVP Charles A. Brawley III sold 2,498 shares of Campbell Soup 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 of the company's stock, valued at approximately $1,504,727.70. This trade represents a 6.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.19% of the stock is currently owned by insiders.

Campbell Soup Price Performance

Shares of CPB traded down $1.02 during mid-day trading on Tuesday, hitting $37.86. 570,811 shares of the company traded hands, compared to its average volume of 2,751,482. 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 business has a 50-day moving average of $39.03 and a 200 day moving average of $41.96. The Campbell Soup Company has a one year low of $36.02 and a one year high of $52.81. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.71 and a beta of 0.19.

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

Campbell Soup Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.12%. Campbell Soup's payout ratio is 90.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CPB shares. BNP Paribas raised shares of Campbell Soup to a "strong sell" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered shares of Campbell Soup from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $48.00 to $37.00 in a research report on Thursday, March 6th. Stifel Nicolaus decreased their target price on Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada lowered their price target on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 6th. Finally, Bank of America reduced their price objective on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Campbell Soup has a consensus rating of "Hold" and a consensus target price of $44.86.

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.