Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 1,429 Shares of Campbell Soup Company (CPB)
Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in Campbell Soup Company (NYSE:CPB) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,555 shares of the company’s stock after selling 1,429 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Campbell Soup were worth $1,571,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC increased its position in shares of Campbell Soup by 11.9% in the second quarter. LS Investment Advisors LLC now owns 9,824 shares of the company’s stock worth $512,000 after acquiring an additional 1,046 shares in the last quarter. Huntington National Bank increased its position in shares of Campbell Soup by 39.0% in the second quarter. Huntington National Bank now owns 9,992 shares of the company’s stock worth $521,000 after acquiring an additional 2,805 shares in the last quarter. PGGM Investments increased its position in shares of Campbell Soup by 334.4% in the second quarter. PGGM Investments now owns 664,094 shares of the company’s stock worth $34,633,000 after acquiring an additional 511,228 shares in the last quarter. Berkshire Asset Management LLC PA increased its position in shares of Campbell Soup by 73.0% in the second quarter. Berkshire Asset Management LLC PA now owns 8,286 shares of the company’s stock worth $432,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of Campbell Soup in the second quarter worth approximately $245,000. 47.08% of the stock is currently owned by institutional investors.
In other Campbell Soup news, insider Luca Mignini bought 4,300 shares of Campbell Soup stock in a transaction on Wednesday, September 27th. The stock was purchased at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the purchase, the insider now directly owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. Insiders own 37.20% of the company’s stock.
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Campbell Soup Company (NYSE:CPB) opened at $46.77 on Friday. Campbell Soup Company has a 1 year low of $44.99 and a 1 year high of $64.23. The company has a market cap of $14,055.72, a P/E ratio of 15.91, a P/E/G ratio of 3.54 and a beta of 0.38. The company has a current ratio of 0.77, a quick ratio of 0.42 and a debt-to-equity ratio of 1.34.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. equities analysts anticipate that Campbell Soup Company will post 2.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s payout ratio is presently 48.95%.
Several research analysts have recently weighed in on CPB shares. Royal Bank Of Canada set a $56.00 target price on shares of Campbell Soup and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Goldman Sachs Group, Inc. (The) dropped their target price on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Sunday, September 3rd. UBS AG dropped their target price on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a research report on Thursday, November 9th. Morgan Stanley reissued an “underweight” rating and issued a $47.00 target price (down from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Seven research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $50.18.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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