Aviva PLC increased its stake in shares of Campbell Soup (NYSE:CPB) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,312 shares of the company’s stock after buying an additional 6,027 shares during the quarter. Aviva PLC’s holdings in Campbell Soup were worth $4,224,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its position in Campbell Soup by 367.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock worth $132,000 after purchasing an additional 2,822 shares during the period. Exane Derivatives bought a new position in Campbell Soup in the 3rd quarter valued at approximately $138,000. Tower Research Capital LLC TRC raised its holdings in Campbell Soup by 766.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,467 shares of the company’s stock valued at $140,000 after buying an additional 3,067 shares during the last quarter. Truvestments Capital LLC bought a new position in Campbell Soup in the 3rd quarter valued at approximately $150,000. Finally, IFP Advisors Inc raised its holdings in Campbell Soup by 170.1% in the 3rd quarter. IFP Advisors Inc now owns 4,213 shares of the company’s stock valued at $154,000 after buying an additional 2,653 shares during the last quarter. 53.18% of the stock is currently owned by hedge funds and other institutional investors.
Campbell Soup stock opened at $37.77 on Monday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.69 and a quick ratio of 0.31. Campbell Soup has a 52-week low of $32.63 and a 52-week high of $50.66. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 2.59 and a beta of 0.18.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Wednesday, January 9th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, January 8th. Campbell Soup’s dividend payout ratio (DPR) is 48.78%.
In related news, insider Luca Mignini acquired 5,494 shares of Campbell Soup stock in a transaction dated Tuesday, October 2nd. The stock was bought at an average price of $36.41 per share, with a total value of $200,036.54. Following the transaction, the insider now directly owns 112,990 shares in the company, valued at approximately $4,113,965.90. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 37.20% of the company’s stock.
A number of brokerages recently issued reports on CPB. Bank of America set a $31.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a report on Tuesday, November 27th. Credit Suisse Group upgraded shares of Campbell Soup to a “hold” rating and set a $36.00 price objective for the company in a report on Tuesday, November 27th. Wells Fargo & Co set a $42.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a report on Monday, November 26th. Deutsche Bank restated a “hold” rating on shares of Campbell Soup in a report on Tuesday, November 27th. Finally, Piper Jaffray Companies set a $37.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a report on Monday, November 26th. Nine analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.33.
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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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