DekaBank Deutsche Girozentrale Sells 52,613 Shares of Campbell Soup (NYSE:CPB)

DekaBank Deutsche Girozentrale reduced its stake in shares of Campbell Soup (NYSE:CPB) by 19.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 222,338 shares of the company’s stock after selling 52,613 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Campbell Soup were worth $9,742,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPB. Van ECK Associates Corp raised its stake in shares of Campbell Soup by 97.2% in the 4th quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock valued at $316,844,000 after acquiring an additional 3,613,495 shares in the last quarter. Norges Bank acquired a new stake in shares of Campbell Soup in the fourth quarter worth $125,689,000. AMF Tjanstepension AB acquired a new stake in shares of Campbell Soup in the first quarter worth $30,128,000. Bank of New York Mellon Corp boosted its holdings in shares of Campbell Soup by 21.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock worth $147,375,000 after buying an additional 580,411 shares during the period. Finally, Swedbank AB acquired a new position in Campbell Soup in the 1st quarter valued at $11,405,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $52.00 in a research report on Wednesday, June 26th. DA Davidson boosted their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Friday. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company increased their price objective on Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.56.

Campbell Soup Price Performance

Shares of Campbell Soup stock traded up $1.21 during mid-day trading on Friday, reaching $49.10. 3,713,549 shares of the stock were exchanged, compared to its average volume of 2,208,116. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $49.19. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 2.90 and a beta of 0.16. The firm has a 50-day simple moving average of $45.23 and a 200 day simple moving average of $44.34. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47.

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

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Wednesday, July 3rd. Campbell Soup’s dividend payout ratio 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.