DekaBank Deutsche Girozentrale Decreases Holdings in Campbell Soup (CPB)
DekaBank Deutsche Girozentrale trimmed its position in Campbell Soup (NYSE:CPB) by 29.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,800 shares of the company’s stock after selling 14,653 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Campbell Soup were worth $1,401,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Campbell Soup by 1.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 80,449 shares of the company’s stock worth $3,267,000 after purchasing an additional 1,254 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Campbell Soup during the 2nd quarter worth $328,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Campbell Soup during the 2nd quarter worth $175,000. Standard Life Aberdeen plc grew its holdings in shares of Campbell Soup by 0.9% during the 2nd quarter. Standard Life Aberdeen plc now owns 308,175 shares of the company’s stock worth $12,498,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Campbell Soup by 1.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 619,214 shares of the company’s stock worth $25,103,000 after purchasing an additional 7,583 shares in the last quarter. 53.18% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:CPB opened at $38.59 on Thursday. The stock has a market capitalization of $11.60 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 2.65 and a beta of 0.18. The company has a current ratio of 0.69, a quick ratio of 0.31 and a debt-to-equity ratio of 5.65. Campbell Soup has a twelve month low of $32.63 and a twelve month high of $51.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 28th. Investors of record on Wednesday, January 9th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.63%. The ex-dividend date is Tuesday, January 8th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.
Several analysts have recently issued reports on the company. Bank of America set a $31.00 target price on Campbell Soup and gave the stock a “sell” rating in a report on Tuesday, November 27th. Credit Suisse Group raised Campbell Soup to a “hold” rating and set a $36.00 target price on the stock in a report on Tuesday, November 27th. Wells Fargo & Co set a $42.00 target price on Campbell Soup and gave the stock a “hold” rating in a report on Monday, November 26th. Deutsche Bank reissued a “hold” rating on shares of Campbell Soup in a report on Tuesday, November 27th. Finally, Piper Jaffray Companies set a $37.00 target price on Campbell Soup and gave the stock a “sell” rating in a report on Monday, November 26th. Nine investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Campbell Soup currently has an average rating of “Hold” and a consensus price target of $40.33.
In other Campbell Soup news, insider Luca Mignini acquired 5,494 shares of Campbell Soup stock in a transaction that occurred on Tuesday, October 2nd. The shares were acquired at an average cost of $36.41 per share, with a total value of $200,036.54. Following the completion of the purchase, the insider now directly owns 112,990 shares of the company’s stock, valued at approximately $4,113,965.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 37.20% of the company’s stock.
Campbell Soup Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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