Today: Today, KBC Group NV decides to keep it stake in Campbell Soup Co. (CPB) to the level of $12,734,000

Today, KBC Group NV decides to keep it stake in Campbell Soup Co. (CPB) to the level of $12,734,000

KBC Group NV increased its stake in Campbell Soup Co. (NYSE:CPB) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,798 shares of the company’s stock after buying an additional 6,937 shares during the period. KBC Group NV owned 0.08% of Campbell Soup worth $12,734,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Campbell Soup by 38.6% in the second quarter. Van ECK Associates Corp now owns 1,740 shares of the company’s stock valued at $116,000 after buying an additional 485 shares during the period. Checchi Capital Advisers LLC increased its position in Campbell Soup by 9.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,798 shares of the company’s stock valued at $120,000 after buying an additional 161 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in Campbell Soup by 69.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,388 shares of the company’s stock valued at $159,000 after buying an additional 981 shares during the period. City Holding Co. increased its position in Campbell Soup by 86.3% in the third quarter. City Holding Co. now owns 2,590 shares of the company’s stock valued at $142,000 after buying an additional 1,200 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Campbell Soup by 38.1% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the company’s stock valued at $193,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 42.90% of the company’s stock.

Campbell Soup Co. (NYSE:CPB) traded up 1.23% on Friday, reaching $57.52. The company’s stock had a trading volume of 1,217,654 shares. The stock’s 50 day moving average price is $54.08 and its 200 day moving average price is $59.38. The company has a market cap of $17.71 billion, a P/E ratio of 31.78 and a beta of 0.40. Campbell Soup Co. has a 12 month low of $50.54 and a 12 month high of $67.89.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.05. Campbell Soup had a return on equity of 58.81% and a net margin of 8.30%. The firm earned $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts forecast that Campbell Soup Co. will post $3.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Shareholders 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 yield of 2.43%. The ex-dividend date of this dividend is Monday, January 9th. Campbell Soup’s payout ratio is presently 66.04%.

Several equities analysts recently commented on the company. TheStreet downgraded Campbell Soup from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Wells Fargo & Co. set a $59.50 price target on Campbell Soup and gave the company a “hold” rating in a report on Sunday, September 4th. Citigroup Inc. dropped their price target on Campbell Soup from $67.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, September 2nd. RBC Capital Markets reaffirmed a “sector perform” rating and set a $58.00 price target (down from $62.00) on shares of Campbell Soup in a report on Sunday, September 4th. Finally, Royal Bank Of Canada dropped their price target on Campbell Soup from $62.00 to $58.00 and set a “sector perform” rating for the company in a report on Friday, September 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Campbell Soup currently has an average rating of “Hold” and a consensus target price of $59.50.

In other news, insider Carlos Barroso sold 1,600 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $57.68, for a total value of $92,288.00. Following the completion of the transaction, the insider now directly owns 46,888 shares in the company, valued at approximately $2,704,499.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Carolan sold 2,400 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $54.35, for a total value of $130,440.00. Following the completion of the transaction, the insider now owns 49,038 shares of the company’s stock, valued at $2,665,215.30. The disclosure for this sale can be found here. Company insiders own 37.30% of the company’s stock.

Campbell Soup Company Profile

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