Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,000 shares of the company’s stock after acquiring an additional 11,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Campbell Soup were worth $3,769,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPB. International Assets Investment Management LLC raised its holdings in shares of Campbell Soup by 145.1% in the 3rd quarter. International Assets Investment Management LLC now owns 51,600 shares of the company’s stock valued at $25,240,000 after acquiring an additional 30,549 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Campbell Soup by 11.7% in the third quarter. Assenagon Asset Management S.A. now owns 12,628 shares of the company’s stock worth $618,000 after purchasing an additional 1,324 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Campbell Soup by 55.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,696 shares of the company’s stock worth $725,000 after purchasing an additional 5,268 shares during the last quarter. PFG Investments LLC purchased a new position in shares of Campbell Soup in the third quarter worth $228,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Campbell Soup by 41.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 237,552 shares of the company’s stock valued at $11,663,000 after buying an additional 69,230 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.19% of the stock is owned by corporate insiders.

Campbell Soup Trading Up 0.8 %

Shares of CPB stock opened at $41.65 on Wednesday. The stock has a market capitalization of $12.41 billion, a P/E ratio of 22.76, a P/E/G ratio of 2.71 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The firm’s 50 day moving average is $39.60 and its 200 day moving average is $44.73. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Research analysts expect that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.75%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. Campbell Soup’s payout ratio is 85.25%.

Wall Street Analyst Weigh In

CPB has been the topic of several recent analyst reports. 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 report on Friday, December 6th. Stifel Nicolaus reduced their price objective on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company lowered their price objective on 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. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.17.

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.