Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in The Campbell Soup Company (NASDAQ:CPB)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,367 shares of the company’s stock after selling 1,248 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Campbell Soup were worth $5,711,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CPB. State Street Corp boosted its stake in shares of Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after buying an additional 298,203 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Campbell Soup by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after acquiring an additional 531,281 shares during the period. Geode Capital Management LLC boosted its position in Campbell Soup by 6.5% in the third quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock worth $256,827,000 after purchasing an additional 322,951 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Campbell Soup by 4.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock valued at $177,487,000 after purchasing an additional 199,470 shares during the period. Finally, Amundi increased its position in shares of Campbell Soup by 23.9% during the 4th quarter. Amundi now owns 1,958,238 shares of the company’s stock valued at $76,823,000 after purchasing an additional 377,307 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. JPMorgan Chase & Co. cut shares of Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $48.00 to $37.00 in a research note on Thursday, March 6th. Jefferies Financial Group reduced their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus cut their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.23.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.19% of the stock is currently owned by company insiders.

Campbell Soup Stock Down 0.1 %

Shares of CPB stock opened at $38.42 on Friday. The stock has a market cap of $11.46 billion, a P/E ratio of 20.99, a PEG ratio of 2.71 and a beta of 0.15. The company’s fifty day simple moving average is $39.22 and its two-hundred day simple moving average is $44.00. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 52 week low of $36.92 and a 52 week high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Campbell Soup’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts predict that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Campbell Soup 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.