Machina Capital S.A.S. Purchases New Stake in The Campbell Soup Company (NASDAQ:CPB)

Machina Capital S.A.S. acquired a new position in shares of The Campbell Soup Company (NASDAQ:CPB) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 12,900 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised 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 valued at $87,000 after buying an additional 552 shares during the last quarter. QRG Capital Management Inc. raised its stake in Campbell Soup by 9.7% during the 3rd quarter. QRG Capital Management Inc. now owns 15,723 shares of the company’s stock valued at $769,000 after acquiring an additional 1,392 shares in the last quarter. Graypoint LLC boosted its position in Campbell Soup by 18.3% during the 3rd quarter. Graypoint LLC now owns 6,031 shares of the company’s stock worth $295,000 after acquiring an additional 931 shares during the period. Principal Financial Group Inc. boosted its position in Campbell Soup by 6.8% during the 3rd quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock worth $13,629,000 after acquiring an additional 17,663 shares during the period. Finally, Rovin Capital UT ADV grew its stake in shares of Campbell Soup by 10.4% in the third quarter. Rovin Capital UT ADV now owns 15,468 shares of the company’s stock worth $757,000 after purchasing an additional 1,453 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

Campbell Soup stock opened at $41.81 on Friday. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company’s 50-day moving average is $39.39 and its two-hundred day moving average is $44.31. 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 company has a market cap of $12.47 billion, a PE ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping 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 business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. Campbell Soup’s dividend payout ratio (DPR) is currently 90.17%.

Analyst Upgrades and Downgrades

CPB has been the topic of several research analyst reports. Barclays lowered their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company lowered their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday. Jefferies Financial Group cut their target price on Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday. Bank of America lowered their price target on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada cut their price objective on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and a consensus target price of $46.36.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is currently owned by insiders.

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.