DekaBank Deutsche Girozentrale Buys 30,020 Shares of Campbell Soup (NYSE:CPB)

DekaBank Deutsche Girozentrale raised its holdings in shares of Campbell Soup (NYSE:CPB - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,951 shares of the company's stock after acquiring an additional 30,020 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.09% of Campbell Soup worth $11,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. 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. Arizona State Retirement System lifted its stake in shares of Campbell Soup by 0.7% in the 4th quarter. Arizona State Retirement System now owns 53,226 shares of the company's stock valued at $2,301,000 after purchasing an additional 364 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Campbell Soup in the 4th quarter valued at $929,000. Monte Financial Group LLC lifted its stake in shares of Campbell Soup by 73.8% in the 4th quarter. Monte Financial Group LLC now owns 114,521 shares of the company's stock valued at $4,951,000 after purchasing an additional 48,639 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd lifted its stake in shares of Campbell Soup by 97.2% in the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 201,588 shares of the company's stock valued at $8,715,000 after purchasing an additional 99,388 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CPB shares. Piper Sandler reiterated a "neutral" rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Tuesday, March 26th. JPMorgan Chase & Co. boosted 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. Citigroup initiated coverage on shares of Campbell Soup in a report on Thursday, February 1st. They issued a "sell" rating and a $41.00 price target for the company. Wells Fargo & Company assumed coverage on shares of Campbell Soup in a report on Tuesday, December 12th. They issued an "equal weight" rating and a $47.00 price target for the company. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $47.00 target price on shares of Campbell Soup in a report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $46.38.

Campbell Soup Trading Down 1.7 %

NYSE CPB traded down $0.77 during trading hours on Wednesday, reaching $43.68. The company had a trading volume of 2,313,019 shares, compared to its average volume of 2,794,348. The stock has a 50-day moving average of $43.06 and a 200 day moving average of $42.28. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.88. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $13.02 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 3.28 and a beta of 0.24.

Campbell Soup (NYSE:CPB - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating 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 company 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 posted $0.80 earnings per share. Campbell Soup's revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Campbell Soup will post 3.06 earnings per share 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. Stockholders of record on Thursday, April 4th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.39%. Campbell Soup's dividend payout ratio is presently 57.81%.

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.