Campbell Soup (NASDAQ:CPB) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of Campbell Soup (NASDAQ:CPB) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,174 shares of the company’s stock after selling 10,776 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Campbell Soup were worth $6,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LSV Asset Management grew its stake in Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after purchasing an additional 2,390,700 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of Campbell Soup by 4,419.0% during the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock worth $33,103,000 after purchasing an additional 716,320 shares during the period. Victory Capital Management Inc. lifted its position in shares of Campbell Soup by 88.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after buying an additional 558,944 shares during the last quarter. Armistice Capital LLC boosted its holdings in shares of Campbell Soup by 94.0% in the 2nd quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock valued at $48,259,000 after buying an additional 517,550 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after buying an additional 363,736 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $42.92 on Friday. The stock’s 50 day moving average price is $45.83 and its 200 day moving average price is $46.87. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.94 and a beta of 0.18. Campbell Soup has a 12 month low of $40.26 and a 12 month high of $52.81.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 3.63%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CPB shares. Stifel Nicolaus decreased their target price on Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 5th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. JPMorgan Chase & Co. raised their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Barclays lowered their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, December 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $50.92.

Campbell Soup Company Profile

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.