Nordea Investment Management AB Has $15.94 Million Holdings in Campbell Soup (NASDAQ:CPB)

Nordea Investment Management AB boosted its stake in Campbell Soup (NASDAQ:CPB) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,269 shares of the company’s stock after purchasing an additional 12,331 shares during the period. Nordea Investment Management AB owned about 0.13% of Campbell Soup worth $15,941,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Blair William & Co. IL raised its stake in Campbell Soup by 0.5% during the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after buying an additional 218 shares during the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of Campbell Soup by 1.3% during the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock valued at $986,000 after purchasing an additional 254 shares in the last quarter. Diversified Trust Co boosted its holdings in Campbell Soup by 0.3% during the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock worth $4,297,000 after purchasing an additional 283 shares during the last quarter. V Square Quantitative Management LLC grew its position in Campbell Soup by 4.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock worth $369,000 after purchasing an additional 287 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in Campbell Soup by 7.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock valued at $207,000 after buying an additional 290 shares during the last quarter. 52.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CPB shares. TD Cowen upped their target price on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Stephens reissued an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Campbell Soup has a consensus rating of “Hold” and a consensus target price of $50.75.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $39.23 on Thursday. The stock has a fifty day moving average of $43.71 and a 200-day moving average of $46.62. The stock has a market cap of $11.69 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a fifty-two week low of $38.88 and a fifty-two week high of $52.81.

Campbell Soup Increases Dividend

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

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.