Asset Management One Co. Ltd. Reduces Holdings in The Campbell Soup Company (NASDAQ:CPB)

Asset Management One Co. Ltd. lessened its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 262,098 shares of the company’s stock after selling 14,696 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Campbell Soup were worth $10,958,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Campbell Soup by 3.1% in the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after purchasing an additional 298,203 shares during the period. Van ECK Associates Corp raised its holdings in Campbell Soup by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after buying an additional 531,281 shares during the period. Geode Capital Management LLC lifted its position in Campbell Soup by 6.5% in the third quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after buying an additional 322,951 shares during the last quarter. Franklin Resources Inc. boosted its stake in Campbell Soup by 1,593.8% during the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after buying an additional 1,792,005 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Campbell Soup by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,765,632 shares of the company’s stock valued at $86,375,000 after acquiring an additional 12,822 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPB has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Barclays lowered their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Citigroup cut their price target on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $50.17.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.19% of the stock is currently owned by insiders.

Campbell Soup Price Performance

Campbell Soup stock opened at $38.60 on Monday. The stock has a market cap of $11.51 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. The company has a fifty day simple moving average of $40.06 and a 200-day simple moving average of $45.18. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Equities analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a $0.39 dividend. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, January 2nd. Campbell Soup’s dividend payout ratio is currently 85.25%.

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.