First Trust Advisors LP Boosts Stake in Campbell Soup (CPB)

First Trust Advisors LP lifted its holdings in Campbell Soup (NYSE:CPB) by 91.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 827,395 shares of the company’s stock after buying an additional 396,150 shares during the period. First Trust Advisors LP’s holdings in Campbell Soup were worth $39,806,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Personal Financial Services increased its holdings in shares of Campbell Soup by 180.9% in the 3rd quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock worth $125,000 after buying an additional 1,724 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Campbell Soup by 199.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,998 shares of the company’s stock valued at $144,000 after purchasing an additional 1,998 shares during the last quarter. Cordasco Financial Network bought a new position in Campbell Soup during the 4th quarter valued at about $144,000. Meeder Asset Management Inc. bought a new position in Campbell Soup during the 3rd quarter valued at about $175,000. Finally, Confluence Wealth Management LLC bought a new position in Campbell Soup during the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Several equities analysts recently commented on the stock. Wolfe Research assumed coverage on shares of Campbell Soup in a report on Friday, January 26th. They set a “market perform” rating on the stock. UBS Group cut their price target on shares of Campbell Soup from $42.00 to $41.00 and set a “sell” rating on the stock in a report on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Piper Jaffray Companies set a $49.00 price target on shares of Campbell Soup and gave the company a “hold” rating in a report on Tuesday, November 28th. Finally, Citigroup reiterated a “neutral” rating and set a $54.00 price target (up from $50.00) on shares of Campbell Soup in a report on Wednesday, December 20th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.08.

Shares of Campbell Soup (NYSE:CPB) opened at $46.17 on Monday. The stock has a market cap of $13,879.02, a PE ratio of 13.27, a price-to-earnings-growth ratio of 3.60 and a beta of 0.32. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.39. Campbell Soup has a 52-week low of $43.50 and a 52-week high of $60.49.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Friday, February 16th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Campbell Soup had a net margin of 13.41% and a return on equity of 54.10%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. equities research analysts anticipate that Campbell Soup will post 2.97 earnings per share for the current year.

Campbell Soup announced that its board has initiated a stock repurchase plan on Monday, December 18th that authorizes the company to repurchase shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In other Campbell Soup news, SVP Carlos Barroso sold 4,300 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $48.86, for a total value of $210,098.00. Following the completion of the sale, the senior vice president now directly owns 29,119 shares of the company’s stock, valued at approximately $1,422,754.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward Carolan sold 6,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total transaction of $312,975.00. Following the completion of the sale, the insider now directly owns 41,506 shares of the company’s stock, valued at $1,998,513.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,284 shares of company stock valued at $741,399. 37.20% of the stock is owned by corporate insiders.

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About Campbell Soup

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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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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