Van ECK Associates Corp Has $316.84 Million Stock Position in Campbell Soup (NYSE:CPB)

Van ECK Associates Corp raised its stake in Campbell Soup (NYSE:CPB) by 97.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,329,256 shares of the company’s stock after acquiring an additional 3,613,495 shares during the quarter. Van ECK Associates Corp owned about 2.45% of Campbell Soup worth $316,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its holdings in Campbell Soup by 13.4% in the fourth 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 last quarter. Cerity Partners LLC raised its stake in shares of Campbell Soup by 326.8% during the fourth quarter. Cerity Partners LLC now owns 249,316 shares of the company’s stock worth $10,778,000 after buying an additional 190,901 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Campbell Soup by 7.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company’s stock valued at $8,756,000 after buying an additional 14,271 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Campbell Soup by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock valued at $28,984,000 after acquiring an additional 51,819 shares during the last quarter. Finally, Washington Capital Management Inc. grew its holdings in Campbell Soup by 126.2% during the 4th quarter. Washington Capital Management Inc. now owns 24,725 shares of the company’s stock worth $1,069,000 after acquiring an additional 13,795 shares during the period. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Up 0.2 %

CPB stock traded up $0.08 during mid-day trading on Monday, reaching $44.93. The company had a trading volume of 1,826,414 shares, compared to its average volume of 2,722,366. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $55.04. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 2.93 and a beta of 0.24. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43. The stock has a 50 day simple moving average of $43.33 and a two-hundred day simple moving average of $42.60.

Campbell Soup (NYSE:CPB) last issued its earnings results 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. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, equities analysts predict that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a yield of 3.29%. Campbell Soup’s dividend payout ratio is 57.81%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. DA Davidson initiated coverage on Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 price target on the stock. Citigroup started coverage on Campbell Soup in a research report on Thursday, February 1st. They set a “sell” rating and a $41.00 target price for the company. TheStreet raised Campbell Soup from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Piper Sandler reissued a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued 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 assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.38.

Campbell Soup 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.