Dimensional Fund Advisors LP Acquires 131,258 Shares of Campbell Soup (NYSE:CPB)


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Dimensional Fund Advisors LP raised its holdings in Campbell Soup (NYSE:CPB) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,807,369 shares of the company’s stock after buying an additional 131,258 shares during the period. Dimensional Fund Advisors LP’s holdings in Campbell Soup were worth $87,382,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System grew its position in Campbell Soup by 2.0% in the 3rd quarter. California State Teachers Retirement System now owns 319,520 shares of the company’s stock valued at $15,455,000 after acquiring an additional 6,335 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Campbell Soup by 121.6% in the 4th quarter. Russell Investments Group Ltd. now owns 482,224 shares of the company’s stock worth $23,253,000 after buying an additional 264,642 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Campbell Soup by 22.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the company’s stock worth $609,000 after buying an additional 2,300 shares during the period. Managed Asset Portfolios LLC lifted its stake in shares of Campbell Soup by 2.1% during the 4th quarter. Managed Asset Portfolios LLC now owns 343,128 shares of the company’s stock worth $16,590,000 after purchasing an additional 6,915 shares during the last quarter. Finally, Hartford Investment Management Co. lifted its stake in shares of Campbell Soup by 8.6% during the 4th quarter. Hartford Investment Management Co. now owns 23,156 shares of the company’s stock worth $1,120,000 after purchasing an additional 1,837 shares during the last quarter. 51.48% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on CPB shares. Jefferies Financial Group decreased their price objective on Campbell Soup from $58.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, January 12th. Morgan Stanley upped their price objective on Campbell Soup from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Campbell Soup from $52.00 to $50.00 and set a “hold” rating for the company in a research note on Thursday, February 25th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $51.27.

In other news, EVP Craig Slavtcheff sold 7,000 shares of the stock in a transaction dated Wednesday, March 17th. The stock was sold at an average price of $48.88, for a total value of $342,160.00. Following the transaction, the executive vice president now directly owns 36,810 shares of the company’s stock, valued at $1,799,272.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 35.64% of the stock is currently owned by corporate insiders.

Shares of CPB stock opened at $48.83 on Tuesday. The stock’s 50-day simple moving average is $48.31 and its 200-day simple moving average is $48.02. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.53 and a current ratio of 0.85. The firm has a market capitalization of $14.80 billion, a PE ratio of 8.39, a P/E/G ratio of 10.65 and a beta of 0.51. Campbell Soup has a fifty-two week low of $44.53 and a fifty-two week high of $54.08.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Tuesday, March 9th. The company reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.30 billion. Campbell Soup had a return on equity of 37.44% and a net margin of 20.02%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 earnings per share. Sell-side analysts forecast that Campbell Soup will post 3.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 3rd. Stockholders of record on Thursday, April 8th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Wednesday, April 7th. Campbell Soup’s dividend payout ratio is presently 50.17%.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, engages in the manufacture and market food and beverage products. It operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; V8 juices and beverages; and Campbell's tomato juice.

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

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