Mirae Asset Global Investments Co. Ltd. Boosts Holdings in The Campbell Soup Company (NASDAQ:CPB)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of The Campbell Soup Company (NASDAQ:CPB) by 55.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,855 shares of the company’s stock after purchasing an additional 8,159 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Campbell Soup were worth $955,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Campbell Soup during the third quarter worth about $34,000. Ashton Thomas Securities LLC bought a new stake in shares of Campbell Soup during the 3rd quarter valued at about $39,000. Friedenthal Financial bought a new stake in shares of Campbell Soup during the 3rd quarter valued at about $48,000. Spire Wealth Management grew its holdings in shares of Campbell Soup by 29.6% during the fourth quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock worth $59,000 after purchasing an additional 321 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Campbell Soup by 45.1% in the third quarter. Farther Finance Advisors LLC now owns 1,776 shares of the company’s stock worth $87,000 after purchasing an additional 552 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated 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 $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company cut their target price on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. DA Davidson reissued a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 price target on shares of Campbell Soup in a research note on Monday, December 2nd. Finally, Barclays reduced their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.17.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $37.95 on Wednesday. The stock has a market capitalization of $11.31 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. The Campbell Soup Company has a one year low of $36.92 and a one year high of $52.81. 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 business’s 50 day simple moving average is $40.31 and its two-hundred day simple moving average is $45.36.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Analysts forecast that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a $0.39 dividend. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

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.