From MarketBeat:

ICICI Prudential Asset Management Co Ltd has recently entered a new position by purchasing 102,200 shares of Campbell Soup stock, totaling approximately $4,198,000. This follows a series of hedge funds boosting their stakes in Campbell Soup over the past quarter. Institutional investors now hold 50.73% of the company’s stock. The company currently has a consensus rating of “Hold” with an average target price of $47.13.

In notable insider activity, EVP Anthony Sanzio sold 3,000 shares of Campbell Soup stock at $44.31 per share on December 12th, equating to a value of $132,930. Sanzio now owns 14,238 shares of Campbell Soup, a stock currently 20.64% owned by insiders.

According to MarketBeat.com, Campbell Soup has a market cap of $12.92 billion and a current dividend yield of 3.43%. The company’s last reported quarterly earnings saw $2.50 billion in revenue, beating analyst expectations with $0.91 earnings per share (EPS), a net margin of 8.55%, and a return on equity of 23.71%.

Campbell Soup stock is currently trading at $43.15, with a 12-month range of $37.94 to $56.04. Analysts forecast an EPS of 3.09 for the current year post-quarterly earnings. The company announced a $0.37 quarterly dividend, due on January 29th, to investors of record on January 4th.

Campbell Soup Company, a leading food and beverage company, operates through its Meals & Beverages and Snacks segments, primarily in the United States and Canada. While the stock is currently rated as a “Hold,” top-rated analysts have identified five other stocks as better buys.



Read more: 102,200 Shares in Campbell Soup (NYSE:CPB) Purchased by ICICI Prudential Asset Management Co Ltd