DNB Asset Management AS Buys 6,782 Shares of Campbell Soup (NYSE:CPB)

DNB Asset Management AS increased its stake in Campbell Soup (NYSE:CPB) by 19.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,354 shares of the company’s stock after buying an additional 6,782 shares during the quarter. DNB Asset Management AS’s holdings in Campbell Soup were worth $1,869,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in Campbell Soup by 16.6% in the first quarter. Van ECK Associates Corp now owns 8,548,557 shares of the company’s stock worth $379,983,000 after purchasing an additional 1,219,301 shares during the period. Bank of New York Mellon Corp increased its stake in Campbell Soup by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock worth $147,375,000 after purchasing an additional 580,411 shares during the period. Norges Bank purchased a new stake in Campbell Soup in the fourth quarter worth $125,689,000. Charles Schwab Investment Management Inc. increased its stake in Campbell Soup by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,688,669 shares of the company’s stock worth $73,001,000 after purchasing an additional 49,663 shares during the period. Finally, Nordea Investment Management AB increased its stake in Campbell Soup by 7.3% in the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock worth $55,554,000 after purchasing an additional 85,099 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Up 0.2 %

Campbell Soup stock opened at $48.86 on Wednesday. The stock has a market capitalization of $14.59 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.90 and a beta of 0.16. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $50.63. The business has a 50 day simple moving average of $45.39 and a 200-day simple moving average of $44.42. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. On average, analysts anticipate that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Wednesday, July 3rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Wednesday, July 3rd. Campbell Soup’s payout ratio is 59.92%.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $52.00 in a research note on Wednesday, June 26th. DA Davidson raised their price target on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Sanford C. Bernstein upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and raised their price target for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.56.

Campbell Soup Company 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.