Allianz SE Purchases New Stake in The Campbell Soup Company (NASDAQ:CPB)

Allianz SE acquired a new position in The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,100 shares of the company’s stock, valued at approximately $128,000.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Campbell Soup by 34.2% during the 3rd quarter. FMR LLC now owns 165,494 shares of the company’s stock valued at $8,096,000 after buying an additional 42,216 shares during the period. Townsquare Capital LLC acquired a new stake in Campbell Soup during the third quarter valued at $223,000. Public Sector Pension Investment Board grew its stake in Campbell Soup by 15.4% in the third quarter. Public Sector Pension Investment Board now owns 9,009 shares of the company’s stock valued at $441,000 after purchasing an additional 1,200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Campbell Soup by 348.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,241 shares of the company’s stock worth $7,007,000 after purchasing an additional 111,300 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in shares of Campbell Soup during the 3rd quarter worth about $5,913,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Trading Up 0.5 %

Shares of Campbell Soup stock opened at $39.92 on Tuesday. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company’s fifty day simple moving average is $39.10 and its 200-day simple moving average is $42.92. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

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

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s payout ratio is presently 90.17%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CPB. BNP Paribas upgraded Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Jefferies Financial Group dropped their price target on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Barclays reduced their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. 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 equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.86.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.19% of the stock is currently owned by company insiders.

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.