LMR Partners LLP boosted its position in shares of Campbell Soup Co. (NYSE:CPB) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,570 shares of the company’s stock after buying an additional 1,660 shares during the period. LMR Partners LLP’s holdings in Campbell Soup were worth $1,369,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPB. Teachers Advisors Inc. increased its position in Campbell Soup by 19.4% in the first quarter. Teachers Advisors Inc. now owns 422,659 shares of the company’s stock valued at $26,961,000 after buying an additional 68,734 shares during the period. Prudential Financial Inc. increased its position in Campbell Soup by 6.4% in the first quarter. Prudential Financial Inc. now owns 248,821 shares of the company’s stock valued at $15,873,000 after buying an additional 14,940 shares during the period. BlackRock Group LTD increased its position in Campbell Soup by 8.6% in the first quarter. BlackRock Group LTD now owns 1,784,472 shares of the company’s stock valued at $113,832,000 after buying an additional 141,544 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Campbell Soup by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,518,175 shares of the company’s stock valued at $352,004,000 after buying an additional 37,360 shares during the period. Finally, NN Investment Partners Holdings N.V. bought a new position in Campbell Soup during the first quarter valued at approximately $12,466,000. 43.99% of the stock is currently owned by institutional investors.
Shares of Campbell Soup Co. (NYSE:CPB) traded up 0.60% during midday trading on Friday, hitting $53.87. The company had a trading volume of 1,987,718 shares. Campbell Soup Co. has a 12 month low of $47.77 and a 12 month high of $67.89. The company has a 50-day moving average of $56.93 and a 200-day moving average of $61.52. The company has a market capitalization of $16.59 billion, a PE ratio of 29.76 and a beta of 0.37.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. The business earned $1.69 billion during the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a return on equity of 59.50% and a net margin of 7.07%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Analysts predict that Campbell Soup Co. will post $3.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Wednesday, October 12th will be issued a $0.35 dividend. This is a boost from Campbell Soup’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, October 7th. This represents a $1.40 dividend on an annualized basis and a yield of 2.60%. Campbell Soup’s dividend payout ratio is presently 69.44%.
Several research analysts have recently commented on the company. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $60.00 price objective on shares of Campbell Soup in a research note on Thursday, July 28th. TheStreet cut Campbell Soup from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $68.00 target price (up previously from $62.00) on shares of Campbell Soup in a research report on Friday, July 15th. Credit Agricole SA cut their target price on Campbell Soup from $64.00 to $59.00 and set a “market perform” rating for the company in a research report on Monday, September 12th. Finally, Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Monday, September 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $59.83.
In other Campbell Soup news, insider Edward Carolan sold 2,400 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $54.35, for a total transaction of $130,440.00. Following the completion of the transaction, the insider now owns 49,038 shares of the company’s stock, valued at $2,665,215.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William J. O’shea sold 13,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $57.74, for a total value of $750,620.00. Following the transaction, the vice president now directly owns 28,952 shares of the company’s stock, valued at approximately $1,671,688.48. The disclosure for this sale can be found here. 37.70% of the stock is owned by corporate insiders.
About Campbell Soup
Campbell Soup Company manufactures and markets food products. The Company’s segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces.
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