Zurcher Kantonalbank Zurich Cantonalbank Sells 1,248 Shares of The Campbell Soup Company (NASDAQ:CPB)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in The Campbell Soup Company (NASDAQ:CPB) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,367 shares of the company’s stock after selling 1,248 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Campbell Soup were worth $5,711,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after buying an additional 298,203 shares during the period. Van ECK Associates Corp boosted its stake in shares of Campbell Soup by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after purchasing an additional 531,281 shares during the period. Geode Capital Management LLC grew its holdings in shares of Campbell Soup by 6.5% in the third quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock worth $256,827,000 after purchasing an additional 322,951 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Campbell Soup by 4.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,237,992 shares of the company’s stock worth $177,487,000 after buying an additional 199,470 shares during the period. Finally, Amundi lifted its holdings in Campbell Soup by 23.9% during the 4th quarter. Amundi now owns 1,958,238 shares of the company’s stock valued at $76,823,000 after buying an additional 377,307 shares in the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on CPB shares. BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Citigroup lowered their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a report on Thursday, March 6th. Barclays dropped their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. Finally, Wells Fargo & Company decreased their price objective on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $45.23.

Campbell Soup Stock Down 0.1 %

NASDAQ:CPB opened at $38.42 on Friday. The company’s 50-day simple moving average is $39.22 and its 200-day simple moving average is $44.00. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The Campbell Soup Company has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The stock has a market capitalization of $11.46 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.71 and a beta of 0.15.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Campbell Soup’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that The Campbell Soup Company will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.06%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is currently 90.17%.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.19% of the stock is currently owned by company insiders.

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.