Vanguard Group Inc. Purchases 213,004 Shares of Campbell Soup (NYSE:CPB)

Vanguard Group Inc. boosted its position in Campbell Soup (NYSE:CPB – Get Rating) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,656,041 shares of the company’s stock after purchasing an additional 213,004 shares during the period. Vanguard Group Inc. owned approximately 7.89% of Campbell Soup worth $1,114,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Campbell Soup by 3.1% during the 3rd quarter. BlackRock Inc. now owns 16,317,414 shares of the company’s stock worth $768,878,000 after acquiring an additional 487,385 shares during the last quarter. State Street Corp lifted its position in shares of Campbell Soup by 3.5% during the second quarter. State Street Corp now owns 12,608,907 shares of the company’s stock worth $605,858,000 after purchasing an additional 426,864 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Campbell Soup by 9.5% during the second quarter. Renaissance Technologies LLC now owns 3,620,368 shares of the company’s stock valued at $173,959,000 after purchasing an additional 314,100 shares during the period. First Trust Advisors LP grew its holdings in shares of Campbell Soup by 6.0% in the third quarter. First Trust Advisors LP now owns 2,847,218 shares of the company’s stock worth $134,161,000 after purchasing an additional 160,697 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Campbell Soup by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 1,818,102 shares of the company’s stock worth $87,360,000 after buying an additional 118,860 shares during the period. Hedge funds and other institutional investors own 50.39% of the company’s stock.

Campbell Soup Stock Up 0.3 %

Shares of Campbell Soup stock opened at $52.51 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.77 and a debt-to-equity ratio of 1.11. The company has a market cap of $15.73 billion, a P/E ratio of 19.45, a PEG ratio of 5.15 and a beta of 0.34. The firm’s 50 day moving average price is $52.84 and its 200-day moving average price is $51.90. Campbell Soup has a 52-week low of $41.74 and a 52-week high of $57.78.

Campbell Soup (NYSE:CPB – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. Campbell Soup had a net margin of 8.86% and a return on equity of 26.97%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, sell-side analysts predict that Campbell Soup will post 3.01 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Thursday, April 6th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, April 5th. Campbell Soup’s dividend payout ratio (DPR) is presently 54.81%.

Insiders Place Their Bets

In other news, EVP Adam G. Ciongoli sold 37,354 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $56.86, for a total transaction of $2,123,948.44. Following the transaction, the executive vice president now owns 99,385 shares in the company, valued at $5,651,031.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.05% of the company’s stock.

Analyst Ratings Changes

CPB has been the topic of a number of research analyst reports. Exane BNP Paribas initiated coverage on shares of Campbell Soup in a research note on Tuesday, November 15th. They issued an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Campbell Soup from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Thursday, December 8th. BNP Paribas assumed coverage on Campbell Soup in a research report on Tuesday, November 15th. They set an “underperform” rating and a $48.00 price target on the stock. Evercore ISI lifted their price objective on Campbell Soup to $53.00 in a report on Monday, December 12th. Finally, StockNews.com upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.33.

Campbell Soup Profile

(Get Rating)

Campbell Soup Co engages in the business of manufacturing and marketing food and beverage products. It operates under the Meals and Beverages, and Snacks segments. The Meals and Beverages segment includes soup, meals, and beverage products in retail and foodservice. The Snacks segment offers cookies, crackers, bakery, and frozen products.