Royal London Asset Management Ltd. Purchases 15,824 Shares of Campbell Soup (NYSE:CPB)

Royal London Asset Management Ltd. lifted its position in shares of Campbell Soup (NYSE:CPB) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,014 shares of the company’s stock after purchasing an additional 15,824 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Campbell Soup were worth $4,626,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CPB. Massmutual Trust Co. FSB ADV grew its holdings in shares of Campbell Soup by 165.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Campbell Soup in the fourth quarter valued at approximately $31,000. Lindbrook Capital LLC boosted its position in shares of Campbell Soup by 79.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after buying an additional 449 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Campbell Soup during the third quarter worth $67,000. Finally, Headinvest LLC purchased a new stake in Campbell Soup in the 3rd quarter valued at $86,000. 52.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Friday, June 7th. Citigroup raised their target price on Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and upped their price target for the company from $42.00 to $46.00 in a research report on Wednesday, May 15th. Finally, DA Davidson lifted their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.31.

Campbell Soup Price Performance

NYSE:CPB traded up $0.50 during trading hours on Friday, hitting $43.99. 4,003,285 shares of the company’s stock traded hands, compared to its average volume of 2,754,348. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $46.97. The business’s fifty day simple moving average is $44.60 and its two-hundred day simple moving average is $43.67. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47. The firm has a market cap of $13.13 billion, a P/E ratio of 17.81, a P/E/G ratio of 2.80 and a beta of 0.19.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. On average, research analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio (DPR) is currently 59.92%.

Campbell Soup Company 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.