Nordea Investment Management AB Acquires 85,099 Shares of Campbell Soup (NYSE:CPB)

Nordea Investment Management AB grew its holdings in Campbell Soup (NYSE:CPBFree Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,246,867 shares of the company’s stock after purchasing an additional 85,099 shares during the quarter. Nordea Investment Management AB owned approximately 0.42% of Campbell Soup worth $55,554,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. First Trust Advisors LP grew its position in shares of Campbell Soup by 6.5% in the 4th quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock worth $28,592,000 after buying an additional 40,504 shares during the last quarter. Lingohr Asset Management GmbH purchased a new position in shares of Campbell Soup in the 4th quarter worth approximately $627,000. Stephens Inc. AR purchased a new position in shares of Campbell Soup in the 4th quarter worth approximately $1,211,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Campbell Soup in the 4th quarter worth approximately $1,045,000. Finally, ING Groep NV grew its position in shares of Campbell Soup by 3,237.3% in the 4th quarter. ING Groep NV now owns 26,899 shares of the company’s stock worth $1,163,000 after buying an additional 26,093 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Down 0.2 %

Shares of CPB opened at $45.03 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $46.97. The firm has a 50-day moving average price of $44.90 and a 200 day moving average price of $43.94. The firm has a market capitalization of $13.44 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.87 and a beta of 0.16.

Campbell Soup (NYSE:CPBGet Free Report) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. Campbell Soup’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Sell-side analysts forecast that Campbell Soup will post 3.08 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.29%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $52.00 in a research report on Wednesday, June 26th. Wells Fargo & Company boosted their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, June 7th. Citigroup boosted their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. Evercore ISI began coverage on shares of Campbell Soup in a research report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 target price on the stock. Finally, Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $42.00 to $46.00 in a report on Wednesday, May 15th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.56.

View Our Latest Stock Analysis on CPB

About Campbell Soup

(Free Report)

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.

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

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