KLP Kapitalforvaltning AS Takes $3.28 Million Position in The Campbell Soup Company (NASDAQ:CPB)

KLP Kapitalforvaltning AS purchased a new stake in The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 78,250 shares of the company’s stock, valued at approximately $3,277,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sherman Asset Management Inc. bought a new position in shares of Campbell Soup in the fourth quarter valued at approximately $36,000. Principal Securities Inc. raised its position in Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after buying an additional 290 shares during the last quarter. Kentucky Trust Co bought a new position in Campbell Soup during the 4th quarter valued at $42,000. Quent Capital LLC boosted its holdings in Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock worth $46,000 after acquiring an additional 481 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Campbell Soup in the 4th quarter worth $47,000. Institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Stifel Nicolaus cut their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada reduced their target price on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, March 6th. BNP Paribas upgraded Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Finally, Consumer Edge restated an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.86.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 20.19% of the stock is currently owned by insiders.

Campbell Soup Price Performance

NASDAQ:CPB opened at $39.14 on Thursday. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The stock has a fifty day moving average of $39.05 and a 200 day moving average of $43.23. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion during 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%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 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.