Chevy Chase Trust Holdings Inc. increased its holdings in shares of Campbell Soup Company (NYSE:CPB) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,816 shares of the company’s stock after buying an additional 2,967 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.06% of Campbell Soup worth $7,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Berkshire Asset Management LLC PA lifted its position in shares of Campbell Soup by 45.3% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 12,036 shares of the company’s stock valued at $564,000 after buying an additional 3,750 shares in the last quarter. Manning & Napier Advisors LLC lifted its position in shares of Campbell Soup by 3.2% during the 3rd quarter. Manning & Napier Advisors LLC now owns 1,201,707 shares of the company’s stock valued at $56,262,000 after buying an additional 37,577 shares in the last quarter. Northern Capital Management LLC lifted its position in shares of Campbell Soup by 235.8% during the 3rd quarter. Northern Capital Management LLC now owns 73,810 shares of the company’s stock valued at $3,456,000 after buying an additional 51,830 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Campbell Soup by 6.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 133,937 shares of the company’s stock valued at $6,984,000 after buying an additional 8,119 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Campbell Soup by 15.7% during the 3rd quarter. First Trust Advisors LP now owns 431,245 shares of the company’s stock valued at $20,191,000 after buying an additional 58,407 shares in the last quarter. Hedge funds and other institutional investors own 46.33% of the company’s stock.
Campbell Soup Company (NYSE:CPB) opened at $49.59 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $14,597.48, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. Campbell Soup Company has a fifty-two week low of $44.99 and a fifty-two week high of $64.23.
Campbell Soup (NYSE:CPB) last issued its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business earned $1.00 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. equities research analysts forecast that Campbell Soup Company will post 2.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.95%.
CPB has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $56.00 target price on Campbell Soup and gave the company a “hold” rating in a research report on Wednesday, October 25th. Goldman Sachs Group decreased their price objective on Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Sunday, September 3rd. UBS decreased their price objective on Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a report on Thursday, November 9th. Credit Suisse Group set a $41.00 price objective on Campbell Soup and gave the company a “sell” rating in a report on Friday, November 24th. Finally, Morgan Stanley restated an “underweight” rating and issued a $47.00 price objective (down previously from $52.00) on shares of Campbell Soup in a report on Friday, September 1st. Seven research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.45.
In related news, insider Luca Mignini bought 4,300 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was acquired at an average cost of $46.47 per share, with a total value of $199,821.00. Following the purchase, the insider now directly owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is owned by company insiders.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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