Campbell Soup (NYSE:CPB) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its stake in shares of Campbell Soup (NYSE:CPB) by 5.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,597 shares of the company’s stock after selling 5,046 shares during the quarter. Nordea Investment Management AB’s holdings in Campbell Soup were worth $3,225,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CPB. Vanguard Group Inc increased its stake in shares of Campbell Soup by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 20,757,540 shares of the company’s stock worth $760,348,000 after acquiring an additional 221,311 shares during the last quarter. BlackRock Inc. increased its stake in shares of Campbell Soup by 1.2% in the 1st quarter. BlackRock Inc. now owns 14,998,702 shares of the company’s stock worth $571,902,000 after acquiring an additional 182,196 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Campbell Soup by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 6,723,599 shares of the company’s stock worth $221,812,000 after purchasing an additional 446,435 shares during the period. Beutel Goodman & Co Ltd. grew its holdings in shares of Campbell Soup by 3.9% during the 1st quarter. Beutel Goodman & Co Ltd. now owns 2,955,783 shares of the company’s stock worth $84,337,000 after purchasing an additional 109,593 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Campbell Soup by 1.7% during the 4th quarter. Northern Trust Corp now owns 2,372,031 shares of the company’s stock worth $78,253,000 after purchasing an additional 39,535 shares during the period. Hedge funds and other institutional investors own 52.05% of the company’s stock.

CPB traded up $0.33 during trading on Thursday, hitting $41.68. 896,081 shares of the stock were exchanged, compared to its average volume of 2,481,515. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 3.24 and a beta of 0.53. Campbell Soup has a 1-year low of $32.03 and a 1-year high of $43.98. The company’s fifty day simple moving average is $40.78. The company has a quick ratio of 0.36, a current ratio of 0.62 and a debt-to-equity ratio of 6.07.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.47 by $0.09. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, analysts forecast that Campbell Soup will post 2.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, July 12th will be paid a $0.35 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.36%. Campbell Soup’s dividend payout ratio (DPR) is currently 48.78%.

A number of equities analysts have recently weighed in on CPB shares. Bank of America lowered their price target on Micron Technology from $50.00 to $43.00 and set a “buy” rating for the company in a report on Friday, June 14th. Barclays reiterated a “sell” rating and set a $43.00 price target on shares of Campbell Soup in a report on Sunday, June 16th. Zacks Investment Research cut Home Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 7th. UBS Group initiated coverage on in a report on Thursday, June 6th. They set a “neutral” rating and a GBX 336 ($4.39) target price for the company. Finally, Wells Fargo & Co set a $29.00 target price on Amphastar Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, June 6th. Seven investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Campbell Soup currently has an average rating of “Sell” and an average target price of $40.36.

In related news, insider Robert Furbee sold 6,000 shares of Campbell Soup stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $40.10, for a total value of $240,600.00. Following the sale, the insider now directly owns 18,015 shares in the company, valued at $722,401.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Randall W. Larrimore sold 3,400 shares of Campbell Soup stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $41.36, for a total value of $140,624.00. The disclosure for this sale can be found here. Insiders sold a total of 19,132 shares of company stock worth $780,333 over the last quarter. Company insiders own 37.20% of the company’s stock.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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

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