Nordea Investment Management AB Grows Holdings in Campbell Soup (NASDAQ:CPB)

Nordea Investment Management AB grew its stake in shares of Campbell Soup (NASDAQ:CPB) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 381,269 shares of the company’s stock after buying an additional 12,331 shares during the period. Nordea Investment Management AB’s holdings in Campbell Soup were worth $15,941,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CPB. National Bank of Canada FI raised its position in Campbell Soup by 22.3% during the second quarter. National Bank of Canada FI now owns 58,413 shares of the company’s stock valued at $2,644,000 after purchasing an additional 10,645 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Campbell Soup by 8.8% during the 2nd quarter. Savant Capital LLC now owns 11,781 shares of the company’s stock valued at $532,000 after buying an additional 953 shares in the last quarter. Ballentine Partners LLC lifted its position in Campbell Soup by 12.6% in the 2nd quarter. Ballentine Partners LLC now owns 8,768 shares of the company’s stock worth $396,000 after buying an additional 984 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in Campbell Soup by 0.9% in the second quarter. Royal London Asset Management Ltd. now owns 131,527 shares of the company’s stock worth $5,944,000 after buying an additional 1,187 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Campbell Soup by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 21,327 shares of the company’s stock valued at $964,000 after acquiring an additional 2,036 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $39.23 on Thursday. The business has a 50 day moving average of $43.71 and a 200 day moving average of $46.62. Campbell Soup has a 52 week low of $38.88 and a 52 week high of $52.81. The company has a market cap of $11.69 billion, a PE ratio of 21.44, a P/E/G ratio of 2.96 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.98%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday. DA Davidson reissued a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Friday, September 20th. Stifel Nicolaus decreased their price objective on Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 5th. Finally, Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Campbell Soup currently has an average rating of “Hold” and an average target price of $50.75.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 20.19% of the company’s stock.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.