Mn Services Vermogensbeheer B.V. Trims Holdings in Campbell Soup (NYSE:CPB)

Mn Services Vermogensbeheer B.V. lowered its position in Campbell Soup (NYSE:CPB) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,311 shares of the company’s stock after selling 3,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Campbell Soup were worth $3,861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CPB. Pathstone Family Office LLC increased its stake in shares of Campbell Soup by 0.8% in the fourth quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock worth $1,439,000 after acquiring an additional 199 shares during the period. Stifel Financial Corp grew its position in Campbell Soup by 0.4% during the 1st quarter. Stifel Financial Corp now owns 54,220 shares of the company’s stock worth $2,981,000 after purchasing an additional 216 shares during the period. Inspire Investing LLC raised its stake in shares of Campbell Soup by 3.1% during the 3rd quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock valued at $365,000 after buying an additional 267 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Campbell Soup by 0.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 38,244 shares of the company’s stock valued at $1,802,000 after buying an additional 268 shares during the period. Finally, Bedel Financial Consulting Inc. boosted its stake in shares of Campbell Soup by 5.8% in the second quarter. Bedel Financial Consulting Inc. now owns 4,982 shares of the company’s stock worth $228,000 after buying an additional 273 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Trading Up 0.7 %

Shares of CPB opened at $43.01 on Wednesday. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $55.52. The stock has a market cap of $12.82 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 2.77 and a beta of 0.24. The firm’s fifty day moving average is $42.92 and its two-hundred day moving average is $42.32. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. Campbell Soup’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. Research analysts forecast that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup’s payout ratio is currently 57.81%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CPB shares. Citigroup began coverage on Campbell Soup in a report on Thursday, February 1st. They issued a “sell” rating and a $41.00 price target for the company. DA Davidson began coverage on shares of Campbell Soup in a research note on Friday, March 1st. They issued a “buy” rating and a $48.00 target price for the company. TheStreet upgraded shares of Campbell Soup from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and an average target price of $46.38.

Campbell Soup 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.