Lazard Asset Management LLC Purchases 2,944 Shares of Campbell Soup (NYSE:CPB)

Lazard Asset Management LLC boosted its position in shares of Campbell Soup (NYSE:CPBGet Rating) by 56.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,133 shares of the company’s stock after acquiring an additional 2,944 shares during the period. Lazard Asset Management LLC’s holdings in Campbell Soup were worth $353,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Campbell Soup by 2.5% in the 3rd quarter. BlackRock Inc. now owns 16,259,766 shares of the company’s stock valued at $679,823,000 after purchasing an additional 400,160 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Campbell Soup by 93.0% in the 4th quarter. Van ECK Associates Corp now owns 4,139,026 shares of the company’s stock valued at $179,882,000 after purchasing an additional 1,994,048 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Campbell Soup by 8.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,957,379 shares of the company’s stock valued at $165,457,000 after purchasing an additional 311,779 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Campbell Soup by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,571,406 shares of the company’s stock valued at $148,919,000 after purchasing an additional 97,483 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Campbell Soup by 14.1% in 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. 51.89% of the stock is owned by institutional investors.

Several research firms have recently issued reports on CPB. Citigroup raised their price objective on Campbell Soup from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, March 10th. StockNews.com raised Campbell Soup from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada downgraded Campbell Soup from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $47.00 to $46.00 in a report on Monday, March 28th. Deutsche Bank Aktiengesellschaft increased their price target on Campbell Soup from $45.00 to $46.00 in a report on Tuesday, March 1st. Finally, UBS Group initiated coverage on Campbell Soup in a report on Wednesday, March 30th. They issued a “sell” rating and a $42.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.30.

CPB opened at $50.55 on Friday. The stock’s fifty day moving average is $45.49 and its two-hundred day moving average is $43.93. The company has a market capitalization of $15.25 billion, a P/E ratio of 16.68, a PEG ratio of 11.03 and a beta of 0.40. Campbell Soup has a 52 week low of $39.76 and a 52 week high of $51.94. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 1.36.

Campbell Soup (NYSE:CPBGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.25 billion. Campbell Soup had a return on equity of 25.72% and a net margin of 11.09%. Campbell Soup’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. Equities analysts anticipate that Campbell Soup will post 2.78 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Stockholders of record on Thursday, April 7th were issued a $0.37 dividend. The ex-dividend date was Wednesday, April 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.93%. Campbell Soup’s dividend payout ratio is presently 48.85%.

Campbell Soup Company Profile (Get Rating)

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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