Campbell Soup (NYSE:CPB) Shares Sold by Tobam

Tobam reduced its stake in Campbell Soup (NYSE:CPB - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 537,090 shares of the company's stock after selling 101,449 shares during the period. Campbell Soup makes up 2.0% of Tobam's portfolio, making the stock its 19th biggest position. Tobam owned approximately 0.18% of Campbell Soup worth $23,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Campbell Soup by 24.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,003,514 shares of the company's stock valued at $43,382,000 after buying an additional 196,448 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Campbell Soup by 10.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 34,350 shares of the company's stock worth $1,485,000 after buying an additional 3,189 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Campbell Soup by 12.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 274,951 shares of the company's stock worth $11,752,000 after buying an additional 30,020 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Campbell Soup by 13.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company's stock valued at $13,154,000 after acquiring an additional 36,108 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Campbell Soup by 0.7% during the 4th quarter. Arizona State Retirement System now owns 53,226 shares of the company's stock valued at $2,301,000 after acquiring an additional 364 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

Shares of NYSE CPB traded up $0.72 during midday trading on Tuesday, reaching $44.44. The stock had a trading volume of 3,057,427 shares, compared to its average volume of 2,801,427. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 3.25 and a beta of 0.24. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $55.88. The stock has a 50-day moving average of $43.08 and a 200-day moving average of $42.27. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01.

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

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.33%. Campbell Soup's dividend payout ratio is presently 57.81%.

Analysts Set New Price Targets

CPB has been the subject of several research reports. TheStreet raised shares of Campbell Soup from a "c+" rating to a "b-" rating in a report on Wednesday, January 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Thursday, March 14th. DA Davidson initiated coverage on Campbell Soup in a report on Friday, March 1st. They issued a "buy" rating and a $48.00 price objective for the company. Citigroup initiated coverage on Campbell Soup in a report on Thursday, February 1st. They issued a "sell" rating and a $41.00 target price on the stock. Finally, Evercore ISI initiated coverage on Campbell Soup in a research report on Wednesday, March 13th. They issued an "in-line" rating and a $49.00 target price on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $46.38.

About Campbell Soup

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.