KBC Group NV Buys 212,742 Shares of Campbell Soup (NYSE:CPB)

KBC Group NV lifted its stake in shares of Campbell Soup (NYSE:CPBFree Report) by 48.1% in the 4th quarter, Holdings Channel reports. The fund owned 655,227 shares of the company’s stock after acquiring an additional 212,742 shares during the quarter. KBC Group NV’s holdings in Campbell Soup were worth $28,325,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in Campbell Soup by 97.2% in the fourth quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock valued at $316,844,000 after purchasing an additional 3,613,495 shares in the last quarter. Norges Bank acquired a new stake in Campbell Soup in the 4th quarter valued at $125,689,000. Deutsche Bank AG increased its stake in Campbell Soup by 62.3% in the 3rd quarter. Deutsche Bank AG now owns 1,453,612 shares of the company’s stock valued at $59,714,000 after buying an additional 557,948 shares during the last quarter. Invesco Ltd. increased its stake in Campbell Soup by 6.8% in the 3rd quarter. Invesco Ltd. now owns 5,035,674 shares of the company’s stock valued at $206,865,000 after buying an additional 318,983 shares during the last quarter. Finally, UBS Group AG increased its stake in Campbell Soup by 116.4% in the 4th quarter. UBS Group AG now owns 463,602 shares of the company’s stock valued at $20,042,000 after buying an additional 249,326 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

CPB stock traded down $0.19 during trading on Monday, reaching $44.19. 1,057,965 shares of the company were exchanged, compared to its average volume of 2,581,814. The company has a 50-day moving average of $44.68 and a two-hundred day moving average of $43.51. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 2.88 and a beta of 0.19. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.12. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.43.

Campbell Soup (NYSE:CPBGet Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the prior year, the company earned $0.80 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts predict that Campbell Soup will post 3.05 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is currently 57.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CPB shares. Sanford C. Bernstein upgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Thursday, March 14th. JPMorgan Chase & Co. lifted their price target on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Citigroup boosted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research note on Thursday, May 23rd. Finally, Piper Sandler restated a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.41.

Check Out Our Latest Stock Report on Campbell Soup

Campbell Soup Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NYSE:CPBFree Report).

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.