National Asset Management Inc. Has $783,000 Holdings in Campbell Soup (NYSE:CPB)

National Asset Management Inc. boosted its stake in shares of Campbell Soup (NYSE:CPBGet Rating) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,550 shares of the company’s stock after purchasing an additional 260 shares during the quarter. National Asset Management Inc.’s holdings in Campbell Soup were worth $783,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp raised its stake in Campbell Soup by 1.8% during the 4th quarter. State Street Corp now owns 10,432,393 shares of the company’s stock valued at $453,392,000 after purchasing an additional 186,108 shares during the last quarter. Geode Capital Management LLC raised its stake in Campbell Soup by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 3,669,997 shares of the company’s stock valued at $159,075,000 after purchasing an additional 98,591 shares during the last quarter. Renaissance Technologies LLC raised its stake in Campbell Soup by 5.5% during the 4th quarter. Renaissance Technologies LLC now owns 3,152,527 shares of the company’s stock valued at $137,009,000 after purchasing an additional 163,059 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Campbell Soup by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,509,971 shares of the company’s stock valued at $109,078,000 after purchasing an additional 310,468 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Campbell Soup by 14.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,147,850 shares of the company’s stock valued at $93,345,000 after purchasing an additional 267,538 shares during the last quarter. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Up 1.6 %

CPB opened at $48.61 on Tuesday. The firm’s 50-day simple moving average is $47.48 and its 200-day simple moving average is $46.03. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.30 and a current ratio of 0.69. Campbell Soup has a twelve month low of $39.76 and a twelve month high of $51.94. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 10.50 and a beta of 0.37.

Campbell Soup (NYSE:CPBGet Rating) last posted its earnings results on Wednesday, June 8th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. Campbell Soup had a net margin of 11.23% and a return on equity of 26.07%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Campbell Soup will post 2.83 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Thursday, July 7th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, July 6th. Campbell Soup’s dividend payout ratio is currently 47.28%.

Wall Street Analyst Weigh In

CPB has been the subject of several research analyst reports. Royal Bank of Canada cut shares of Campbell Soup from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $47.00 to $46.00 in a research note on Monday, March 28th. UBS Group increased their price objective on shares of Campbell Soup to $43.00 in a research note on Thursday, June 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Campbell Soup from $47.00 to $49.00 in a research note on Thursday, June 9th. StockNews.com upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating in a research note on Saturday, May 14th. Finally, Citigroup increased their price objective on shares of Campbell Soup from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and an average price target of $46.10.

Insiders Place Their Bets

In other Campbell Soup news, VP Stanley Polomski sold 10,335 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $48.20, for a total transaction of $498,147.00. Following the sale, the vice president now owns 28,176 shares of the company’s stock, valued at approximately $1,358,083.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Craig Slavtcheff sold 13,110 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $47.00, for a total value of $616,170.00. Following the transaction, the executive vice president now owns 32,242 shares of the company’s stock, valued at approximately $1,515,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stanley Polomski sold 10,335 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $48.20, for a total transaction of $498,147.00. Following the completion of the sale, the vice president now owns 28,176 shares in the company, valued at $1,358,083.20. The disclosure for this sale can be found here. Insiders own 35.62% of the company’s stock.

About Campbell Soup

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Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products 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.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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