Campbell Soup Company (NYSE:CPB) Position Increased by APG Asset Management N.V.

APG Asset Management N.V. increased its stake in Campbell Soup Company (NYSE:CPB) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,352,669 shares of the company’s stock after buying an additional 52,600 shares during the period. APG Asset Management N.V. owned 0.78% of Campbell Soup worth $122,692,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Campbell Soup by 2,522.6% in the first quarter. BlackRock Inc. now owns 14,676,936 shares of the company’s stock valued at $840,105,000 after buying an additional 14,117,312 shares in the last quarter. Vanguard Group Inc. raised its position in Campbell Soup by 2.8% in the first quarter. Vanguard Group Inc. now owns 12,943,076 shares of the company’s stock valued at $740,862,000 after buying an additional 356,448 shares in the last quarter. State Street Corp raised its position in Campbell Soup by 0.8% in the first quarter. State Street Corp now owns 8,667,988 shares of the company’s stock valued at $496,147,000 after buying an additional 66,612 shares in the last quarter. Bank of New York Mellon Corp raised its position in Campbell Soup by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 5,870,217 shares of the company’s stock valued at $336,011,000 after buying an additional 142,722 shares in the last quarter. Finally, Waldron LP raised its position in Campbell Soup by 9,981.3% in the first quarter. Waldron LP now owns 3,730,196 shares of the company’s stock valued at $225,418,000 after buying an additional 3,693,195 shares in the last quarter. Institutional investors own 43.84% of the company’s stock.

Shares of Campbell Soup Company (NYSE CPB) opened at 53.61 on Friday. Campbell Soup Company has a 1-year low of $50.62 and a 1-year high of $64.23. The company has a market cap of $16.25 billion, a P/E ratio of 33.84 and a beta of 0.34. The stock’s 50 day moving average is $52.41 and its 200 day moving average is $56.97.

Campbell Soup (NYSE:CPB) last released its earnings results on Friday, May 19th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.05. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.87 billion. Campbell Soup had a return on equity of 59.83% and a net margin of 6.17%. Campbell Soup’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. On average, analysts predict that Campbell Soup Company will post $3.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 13th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $1.40 dividend on an annualized basis and a yield of 2.61%. Campbell Soup’s dividend payout ratio (DPR) is presently 88.05%.

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CPB has been the subject of several recent research reports. Credit Suisse Group reiterated a “sell” rating on shares of Campbell Soup in a research report on Wednesday, May 24th. Zacks Investment Research lowered Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub lowered Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Morgan Stanley decreased their price objective on shares of Campbell Soup from $55.00 to $52.00 and set an “underweight” rating for the company in a research note on Tuesday, July 18th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Campbell Soup in a research note on Wednesday, June 28th. Seven equities research 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 an average rating of “Hold” and a consensus target price of $57.24.

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.

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

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