Northern Capital Management LLC Buys New Stake in Campbell Soup Company (CPB)

Northern Capital Management LLC bought a new position in shares of Campbell Soup Company (NYSE:CPB) during the first quarter, Holdings Channel reports. The fund bought 22,005 shares of the company’s stock, valued at approximately $1,260,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPB. State of Alaska Department of Revenue raised its stake in Campbell Soup Company by 67.8% in the first quarter. State of Alaska Department of Revenue now owns 43,096 shares of the company’s stock valued at $2,466,000 after buying an additional 17,417 shares during the last quarter. City Holding Co. raised its stake in Campbell Soup Company by 14.5% in the first quarter. City Holding Co. now owns 10,415 shares of the company’s stock valued at $596,000 after buying an additional 1,315 shares during the last quarter. Bollard Group LLC raised its stake in Campbell Soup Company by 15.2% in the first quarter. Bollard Group LLC now owns 54,192 shares of the company’s stock valued at $3,102,000 after buying an additional 7,154 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Campbell Soup Company by 0.6% in the first quarter. Nisa Investment Advisors LLC now owns 44,248 shares of the company’s stock valued at $2,533,000 after buying an additional 265 shares during the last quarter. Finally, DnB Asset Management AS raised its stake in Campbell Soup Company by 24.1% in the first quarter. DnB Asset Management AS now owns 29,913 shares of the company’s stock valued at $1,712,000 after buying an additional 5,800 shares during the last quarter. 42.81% of the stock is currently owned by institutional investors and hedge funds.

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

Campbell Soup Company (NYSE:CPB) traded down 0.26% during mid-day trading on Friday, hitting $57.35. 1,159,196 shares of the stock were exchanged. The firm has a market capitalization of $17.46 billion, a price-to-earnings ratio of 35.73 and a beta of 0.46. The company’s 50-day moving average price is $57.81 and its 200 day moving average price is $58.12. Campbell Soup Company has a 52 week low of $52.58 and a 52 week high of $67.89.

Campbell Soup Company (NYSE:CPB) last announced its quarterly earnings results on Friday, February 17th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The firm earned $2.17 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the prior year, the company earned $0.87 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. Equities research analysts expect that Campbell Soup Company will post $3.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Wednesday, April 12th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, April 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.44%. Campbell Soup Company’s payout ratio is presently 66.04%.

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Several research firms have issued reports on CPB. Wells Fargo & Co restated a “market perform” rating on shares of Campbell Soup Company in a research report on Monday, February 27th. Stifel Nicolaus upped their price target on shares of Campbell Soup Company from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, January 23rd. Zacks Investment Research upgraded shares of Campbell Soup Company from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, January 10th. Royal Bank of Canada upped their price target on shares of Campbell Soup Company from $60.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 15th. Finally, Deutsche Bank AG began coverage on shares of Campbell Soup Company in a research report on Wednesday, February 15th. They set a “hold” rating and a $65.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.17.

In other Campbell Soup Company news, Director Bennett Dorrance purchased 915,766 shares of the stock in a transaction dated Thursday, March 30th. The stock was purchased at an average price of $57.34 per share, with a total value of $52,510,022.44. Following the transaction, the director now owns 24,978 shares of the company’s stock, valued at $1,432,238.52. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 37.30% of the stock is currently owned by corporate insiders.

Campbell Soup Company 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.

5 Day Chart for NYSE:CPB

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