Amundi Acquires 377,307 Shares of The Campbell Soup Company (NASDAQ:CPB)

Amundi grew its holdings in The Campbell Soup Company (NASDAQ:CPB) by 23.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,958,238 shares of the company’s stock after purchasing an additional 377,307 shares during the quarter. Amundi owned approximately 0.66% of Campbell Soup worth $76,823,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. 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 valued at $491,581,000 after purchasing an additional 298,203 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Campbell Soup by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after purchasing an additional 531,281 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Campbell Soup by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after purchasing an additional 322,951 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Campbell Soup by 4.9% in 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 last quarter. Finally, Franklin Resources Inc. boosted 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 last quarter. Institutional investors own 52.35% of the company’s stock.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were 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 directly owns 16,551 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on CPB shares. Jefferies Financial Group cut 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 report on Wednesday, March 5th. Barclays cut their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada cut their price target on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 6th. Stifel Nicolaus cut their price target on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $45.50.

Campbell Soup Price Performance

Shares of CPB opened at $39.96 on Wednesday. The stock has a market capitalization of $11.92 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.71 and a beta of 0.15. The Campbell Soup Company has a twelve month low of $36.92 and a twelve month high of $52.81. The company has a 50 day moving average of $39.40 and a 200-day moving average of $44.16. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results 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. 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 during the quarter, compared to analysts’ expectations of $2.74 billion. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.90%. Campbell Soup’s dividend payout ratio is presently 90.17%.

About Campbell Soup

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.