Amundi Has $76.82 Million Stock Holdings in The Campbell Soup Company (NASDAQ:CPB)

Amundi raised its holdings in shares of The Campbell Soup Company (NASDAQ:CPB) by 23.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,958,238 shares of the company’s stock after buying an additional 377,307 shares during the period. Amundi’s holdings in Campbell Soup were worth $76,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in CPB. Farther Finance Advisors LLC lifted its holdings in shares of Campbell Soup by 45.1% during the third quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock worth $87,000 after buying an additional 552 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Campbell Soup by 6.8% during the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock worth $13,629,000 after buying an additional 17,663 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Campbell Soup by 170.7% during the third quarter. Assetmark Inc. now owns 1,819 shares of the company’s stock worth $89,000 after buying an additional 1,147 shares in the last quarter. Atria Investments Inc lifted its holdings in shares of Campbell Soup by 10.7% during the third quarter. Atria Investments Inc now owns 5,600 shares of the company’s stock worth $274,000 after buying an additional 541 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Campbell Soup by 90.6% during the third quarter. Los Angeles Capital Management LLC now owns 85,985 shares of the company’s stock worth $4,206,000 after buying an additional 40,864 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Insider Activity

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 directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 20.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of research reports. BNP Paribas raised Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Citigroup dropped their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a report on Thursday, March 6th. Stifel Nicolaus dropped their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. cut Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Finally, Stephens restated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and an average price target of $45.50.

Campbell Soup Stock Performance

Campbell Soup stock opened at $39.96 on Wednesday. The Campbell Soup Company has a 12-month low of $36.92 and a 12-month high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The business’s 50-day moving average price is $39.40 and its two-hundred day moving average price is $44.16. The stock has a market cap of $11.92 billion, a PE ratio of 21.84, a P/E/G ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The business’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts expect that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is presently 90.17%.

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.