Swiss National Bank Has $22.89 Million Stake in The Campbell Soup Company (NASDAQ:CPB)

Swiss National Bank cut its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 546,500 shares of the company’s stock after selling 27,200 shares during the quarter. Swiss National Bank owned about 0.18% of Campbell Soup worth $22,887,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CPB. Franklin Resources Inc. lifted its stake in shares of Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after purchasing an additional 1,792,005 shares during the period. Raymond James Trust N.A. boosted its holdings in shares of Campbell Soup by 43.8% during the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after buying an additional 2,809 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Campbell Soup by 161.8% during the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock worth $7,801,000 after buying an additional 115,122 shares during the period. ING Groep NV bought a new stake in shares of Campbell Soup in the 4th quarter valued at $1,062,000. Finally, Hussman Strategic Advisors Inc. lifted its position in shares of Campbell Soup by 133.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock valued at $6,156,000 after acquiring an additional 84,000 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $39.01 on Tuesday. The company has a market capitalization of $11.63 billion, a PE ratio of 21.32, a PEG ratio of 2.71 and a beta of 0.15. 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 stock’s 50 day moving average price is $39.16 and its 200-day moving average price is $43.84. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is 90.17%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. downgraded 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. DA Davidson reduced their price objective on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus decreased their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. Finally, Citigroup cut their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a report on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $45.23.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.19% of the company’s stock.

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.