Commerzbank Aktiengesellschaft FI Acquires 17,849 Shares of The Campbell Soup Company (NASDAQ:CPB)

Commerzbank Aktiengesellschaft FI boosted its holdings in The Campbell Soup Company (NASDAQ:CPB) by 53.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,142 shares of the company’s stock after acquiring an additional 17,849 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Campbell Soup were worth $2,119,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its position in shares of Campbell Soup by 1,593.8% during the third 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 in the last quarter. Raymond James Trust N.A. lifted its position 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 boosted its stake in shares of Campbell Soup by 161.8% in 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 last quarter. ING Groep NV bought a new position in shares of Campbell Soup in the fourth quarter valued at approximately $1,062,000. Finally, Hussman Strategic Advisors Inc. increased its position in shares of Campbell Soup by 133.3% during the fourth 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 last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Shares of CPB opened at $41.29 on Tuesday. 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 stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The Campbell Soup Company has a 52-week low of $36.92 and a 52-week high of $52.81. The stock’s 50-day simple moving average is $39.50 and its 200 day simple moving average is $44.55.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. 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 declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.78%. Campbell Soup’s payout ratio is 85.25%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus cut their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Barclays lowered their price objective 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. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, Wells Fargo & Company decreased their price target on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.17.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

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.