Retirement Network bought a new position in shares of Campbell Soup (NYSE:CPB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,040 shares of the company’s stock, valued at approximately $51,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. WBI Investments Inc. bought a new stake in shares of Campbell Soup during the third quarter valued at approximately $13,767,000. Victory Capital Management Inc. raised its position in shares of Campbell Soup by 155.3% during the fourth quarter. Victory Capital Management Inc. now owns 364,167 shares of the company’s stock valued at $17,622,000 after buying an additional 221,522 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Campbell Soup by 518.2% during the fourth quarter. SG Americas Securities LLC now owns 240,861 shares of the company’s stock valued at $11,903,000 after buying an additional 201,901 shares during the last quarter. Man Group plc raised its position in shares of Campbell Soup by 57.6% during the third quarter. Man Group plc now owns 497,830 shares of the company’s stock valued at $23,358,000 after buying an additional 181,940 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Campbell Soup during the third quarter valued at approximately $8,114,000. Institutional investors own 50.64% of the company’s stock.
CPB has been the topic of several recent analyst reports. ValuEngine cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Monday, December 30th. Wells Fargo & Co lifted their price objective on shares of Campbell Soup from $45.00 to $48.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. UBS Group set a $41.00 price objective on shares of Campbell Soup in a research report on Thursday, December 5th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on shares of Campbell Soup from $41.00 to $43.00 and gave the company an “underperform” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group initiated coverage on shares of Campbell Soup in a research report on Wednesday, January 22nd. They set a “hold” rating and a $49.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Campbell Soup presently has an average rating of “Hold” and an average target price of $45.85.
Shares of CPB stock traded up $0.21 on Friday, reaching $48.57. The company’s stock had a trading volume of 60,411 shares, compared to its average volume of 1,845,158. The stock’s fifty day simple moving average is $48.51 and its 200-day simple moving average is $46.54. Campbell Soup has a 1 year low of $32.17 and a 1 year high of $49.56. The company has a current ratio of 0.60, a quick ratio of 0.34 and a debt-to-equity ratio of 5.37. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 81.10, a price-to-earnings-growth ratio of 3.23 and a beta of 0.47.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.71 by $0.07. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.20 billion. Campbell Soup had a net margin of 2.07% and a return on equity of 64.48%. Campbell Soup’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. Equities research analysts forecast that Campbell Soup will post 2.53 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Wednesday, January 8th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Tuesday, January 7th. Campbell Soup’s dividend payout ratio is currently 60.87%.
Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
Further Reading: What is a support level?
Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NYSE:CPB).
Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.