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

Commerzbank Aktiengesellschaft FI boosted its stake in The Campbell Soup Company (NASDAQ:CPB) by 53.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,142 shares of the company’s stock after purchasing 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 reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of Campbell Soup by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,888 shares of the company’s stock valued at $1,119,000 after purchasing an additional 1,550 shares in the last quarter. US Bancorp DE boosted its stake in Campbell Soup by 4.2% in the third quarter. US Bancorp DE now owns 33,571 shares of the company’s stock valued at $1,642,000 after buying an additional 1,346 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in Campbell Soup by 7.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock valued at $207,000 after acquiring an additional 290 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Campbell Soup by 45.1% during the third quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock worth $87,000 after acquiring an additional 552 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Campbell Soup by 2.2% in the third quarter. Asset Management One Co. Ltd. now owns 276,794 shares of the company’s stock worth $13,541,000 after acquiring an additional 6,087 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $41.29 on Tuesday. 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 company has a market capitalization of $12.31 billion, a PE ratio of 22.56, a P/E/G ratio of 2.71 and a beta of 0.19. The firm has a fifty day simple moving average of $39.50 and a 200 day simple moving average of $44.55. 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 announced its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. On average, sell-side analysts forecast 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. Stockholders 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 3.78%. Campbell Soup’s dividend payout ratio is currently 85.25%.

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a research note on Monday, December 2nd. Stifel Nicolaus dropped their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, Wells Fargo & Company lowered their target price on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Three investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.