Asset Management One Co. Ltd. Buys 36,108 Shares of Campbell Soup (NYSE:CPB)

Asset Management One Co. Ltd. grew its stake in shares of Campbell Soup (NYSE:CPB - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 305,969 shares of the company's stock after buying an additional 36,108 shares during the quarter. Asset Management One Co. Ltd. owned 0.10% of Campbell Soup worth $13,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPB. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Campbell Soup by 7.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company's stock worth $8,756,000 after purchasing an additional 14,271 shares during the period. Washington Capital Management Inc. raised its position in Campbell Soup by 126.2% in the 4th quarter. Washington Capital Management Inc. now owns 24,725 shares of the company's stock worth $1,069,000 after purchasing an additional 13,795 shares during the period. Nordea Investment Management AB raised its position in Campbell Soup by 6.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,089,067 shares of the company's stock worth $44,913,000 after purchasing an additional 67,375 shares during the period. Savoir Faire Capital Management L.P. purchased a new position in Campbell Soup in the 3rd quarter worth $4,259,000. Finally, Deutsche Bank AG raised its position in Campbell Soup by 62.3% in the 3rd quarter. Deutsche Bank AG now owns 1,453,612 shares of the company's stock worth $59,714,000 after purchasing an additional 557,948 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Up 1.0 %

CPB traded up $0.42 during midday trading on Monday, reaching $43.72. The company's stock had a trading volume of 2,300,231 shares, compared to its average volume of 2,797,606. The firm has a market capitalization of $13.03 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 3.25 and a beta of 0.24. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $55.88. The stock's 50-day moving average is $43.08 and its 200-day moving average is $42.25.

Campbell Soup (NYSE:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. The business's revenue was down 1.2% compared to the same quarter last year. As a group, research analysts expect that Campbell Soup will post 3.06 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup's payout ratio is 57.81%.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Thursday, March 14th. Citigroup assumed coverage on shares of Campbell Soup in a report on Thursday, February 1st. They issued a "sell" rating and a $41.00 price target on the stock. Piper Sandler reissued a "neutral" rating and issued a $47.00 price target on shares of Campbell Soup in a report on Tuesday, March 26th. JPMorgan Chase & Co. raised their price target on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, March 1st. Finally, Evercore ISI assumed coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They issued an "in-line" rating and a $49.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup currently has an average rating of "Hold" and an average price target of $46.38.

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.