The APG Asset Management N.V. Buys 399,200 Shares of Campbell Soup Co. (CPB)

The APG Asset Management N.V. Buys 399,200 Shares of Campbell Soup Co. (CPB)

APG Asset Management N.V. raised its position in shares of Campbell Soup Co. (NYSE:CPB) by 27.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,844,769 shares of the company’s stock after buying an additional 399,200 shares during the period. APG Asset Management N.V.’s holdings in Campbell Soup were worth $100,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in Campbell Soup by 11.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,412 shares of the company’s stock worth $70,820,000 after buying an additional 107,486 shares in the last quarter. Affinity Investment Advisors LLC increased its position in Campbell Soup by 14.5% in the second quarter. Affinity Investment Advisors LLC now owns 344,343 shares of the company’s stock worth $22,909,000 after buying an additional 43,575 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Campbell Soup by 8.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 610,107 shares of the company’s stock worth $40,590,000 after buying an additional 48,819 shares in the last quarter. Herndon Capital Management LLC increased its position in Campbell Soup by 10.3% in the second quarter. Herndon Capital Management LLC now owns 878,282 shares of the company’s stock worth $58,432,000 after buying an additional 82,303 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in Campbell Soup by 5.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 165,098 shares of the company’s stock worth $9,031,000 after buying an additional 9,088 shares in the last quarter. Institutional investors and hedge funds own 42.34% of the company’s stock.

Shares of Campbell Soup Co. (NYSE:CPB) opened at 62.29 on Thursday. The firm has a market capitalization of $19.13 billion, a price-to-earnings ratio of 29.27 and a beta of 0.41. Campbell Soup Co. has a 12 month low of $52.59 and a 12 month high of $67.89. The stock’s 50 day moving average is $59.83 and its 200 day moving average is $58.47.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.05. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Campbell Soup had a net margin of 8.30% and a return on equity of 58.62%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. Equities research analysts forecast that Campbell Soup Co. will post $3.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, January 9th. Campbell Soup’s payout ratio is presently 66.04%.

CPB has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Campbell Soup from a “buy” rating to a “hold” rating in a report on Thursday, December 8th. Royal Bank Of Canada raised their price target on shares of Campbell Soup from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Monday, November 28th. TheStreet upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating in a report on Tuesday, November 22nd. Credit Suisse Group AG set a $55.00 target price on shares of Campbell Soup and gave the stock an “underperform” rating in a report on Wednesday, November 23rd. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $60.00 target price (up previously from $58.00) on shares of Campbell Soup in a report on Monday, November 28th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $60.25.

In other news, insider Carlos Barroso sold 9,130 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $60.92, for a total value of $556,199.60. Following the transaction, the insider now directly owns 43,904 shares of the company’s stock, valued at $2,674,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 37.30% of the stock is currently owned by insiders.

About Campbell Soup

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

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