Campbell Soup Company (CPB) Position Boosted by Principal Financial Group Inc.

Campbell Soup Company (CPB) Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Campbell Soup Company (NYSE:CPB) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,921 shares of the company’s stock after buying an additional 17,299 shares during the period. Principal Financial Group Inc. owned approximately 0.10% of Campbell Soup Company worth $16,789,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. raised its position in Campbell Soup Company 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 during the last quarter. Affinity Investment Advisors LLC raised its position in Campbell Soup Company 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 during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Campbell Soup Company 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 during the last quarter. WINTON GROUP Ltd raised its position in Campbell Soup Company by 302.6% in the third quarter. WINTON GROUP Ltd now owns 373,352 shares of the company’s stock worth $20,422,000 after buying an additional 280,619 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Campbell Soup Company by 0.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 439,908 shares of the company’s stock worth $24,063,000 after buying an additional 2,478 shares during the last quarter. 42.99% of the stock is owned by institutional investors and hedge funds.

Shares of Campbell Soup Company (NYSE:CPB) traded down 0.06% during mid-day trading on Friday, reaching $62.58. The company’s stock had a trading volume of 1,082,483 shares. The firm’s 50 day moving average is $60.92 and its 200 day moving average is $58.38. The firm has a market cap of $19.22 billion, a PE ratio of 29.41 and a beta of 0.41. Campbell Soup Company has a one year low of $52.59 and a one year high of $67.89.

Campbell Soup Company (NYSE:CPB) last posted its quarterly earnings results 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. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The firm earned $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, equities analysts anticipate that Campbell Soup Company will post $3.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, January 9th. Campbell Soup Company’s dividend payout ratio is presently 66.04%.

Several brokerages have recently issued reports on CPB. Zacks Investment Research lowered Campbell Soup Company from a “buy” rating to a “hold” rating in a research report on Thursday, December 8th. Royal Bank Of Canada increased their target price on Campbell Soup Company from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Monday, November 28th. TheStreet raised Campbell Soup Company from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. RBC Capital Markets reissued a “sector perform” rating and issued a $60.00 target price (up previously from $58.00) on shares of Campbell Soup Company in a research report on Monday, November 28th. Finally, Credit Suisse Group set a $55.00 target price on Campbell Soup Company and gave the stock an “underperform” rating in a research report on Wednesday, November 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.75.

In other news, insider Carlos Barroso sold 9,130 shares of Campbell Soup Company stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $60.92, for a total transaction of $556,199.60. Following the completion of the sale, the insider now owns 43,904 shares of the company’s stock, valued at $2,674,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 37.30% of the company’s stock.

About Campbell Soup Company

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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