Campbell Soup (NASDAQ:CPB) Position Trimmed by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of Campbell Soup (NASDAQ:CPB) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 128,174 shares of the company’s stock after selling 10,776 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Campbell Soup were worth $6,270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in shares of Campbell Soup in the third quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Campbell Soup during the 2nd quarter worth about $32,000. Ashton Thomas Securities LLC acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at about $39,000. Rothschild Investment LLC acquired a new position in Campbell Soup in the second quarter worth approximately $44,000. Finally, Sentry Investment Management LLC acquired a new position in Campbell Soup in the second quarter worth approximately $44,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Trading Down 0.2 %

Campbell Soup stock opened at $42.92 on Friday. Campbell Soup has a 12 month low of $40.26 and a 12 month high of $52.81. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.94 and a beta of 0.18. The business has a 50 day moving average price of $45.83 and a two-hundred day moving average price of $46.87. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is 85.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CPB shares. Barclays reduced their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Wells Fargo & Company decreased their target price on Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Piper Sandler upgraded 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.92.

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.