Principal Financial Group Inc. Purchases 17,663 Shares of Campbell Soup (NASDAQ:CPB)

Principal Financial Group Inc. boosted its position in Campbell Soup (NASDAQ:CPB) by 6.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 278,607 shares of the company’s stock after acquiring an additional 17,663 shares during the period. Principal Financial Group Inc. owned 0.09% of Campbell Soup worth $13,629,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its holdings in shares of Campbell Soup by 0.5% in the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after acquiring an additional 218 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake in shares of Campbell Soup by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after purchasing an additional 254 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Campbell Soup by 0.3% in the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock valued at $4,297,000 after purchasing an additional 283 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Campbell Soup by 4.0% during the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock valued at $369,000 after buying an additional 287 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Campbell Soup by 7.4% during the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock worth $207,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.2 %

Shares of NASDAQ:CPB opened at $41.81 on Friday. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.96 and a beta of 0.18. Campbell Soup has a one year low of $40.26 and a one year high of $52.81. The firm has a fifty day moving average price of $44.52 and a two-hundred day moving average price of $46.73. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup Increases Dividend

The firm 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Thursday, January 2nd. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is 85.25%.

Analysts Set New Price Targets

CPB has been the topic of a number of analyst reports. Wells Fargo & Company cut 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. Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Friday, September 20th. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $55.00 to $58.00 in a report on Monday, October 7th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Finally, TD Cowen boosted their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.