Campbell Soup Company (CPB) Stake Held by Albion Financial Group UT

Albion Financial Group UT maintained its stake in shares of Campbell Soup Company (NYSE:CPB) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,650 shares of the company’s stock at the end of the second quarter. Albion Financial Group UT’s holdings in Campbell Soup were worth $242,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CPB. Envestnet Asset Management Inc. boosted its holdings in Campbell Soup by 8.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,278 shares of the company’s stock valued at $416,000 after purchasing an additional 556 shares in the last quarter. Stifel Financial Corp boosted its holdings in Campbell Soup by 86.3% in the 1st quarter. Stifel Financial Corp now owns 18,323 shares of the company’s stock valued at $1,052,000 after purchasing an additional 8,490 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Campbell Soup by 7.0% in the 1st quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after purchasing an additional 204 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Campbell Soup by 9.3% in the 1st quarter. OppenheimerFunds Inc. now owns 17,578 shares of the company’s stock valued at $1,006,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Campbell Soup by 51.0% in the 1st quarter. Teachers Advisors LLC now owns 437,838 shares of the company’s stock valued at $25,062,000 after purchasing an additional 147,875 shares in the last quarter. Hedge funds and other institutional investors own 44.67% of the company’s stock.

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CPB has been the topic of a number of analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $51.00 price objective (down previously from $58.00) on shares of Campbell Soup in a report on Friday, September 1st. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Royal Bank Of Canada set a $60.00 price objective on Campbell Soup and gave the company a “hold” rating in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) lowered their price objective on Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Sunday, September 3rd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Campbell Soup in a report on Wednesday, June 28th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $51.00.

In other Campbell Soup news, insider Luca Mignini bought 4,300 shares of Campbell Soup stock in a transaction that occurred on Wednesday, September 27th. The stock was purchased at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the acquisition, the insider now owns 88,178 shares of the company’s stock, valued at approximately $4,097,631.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. Company insiders own 37.30% of the company’s stock.

Shares of Campbell Soup Company (NYSE CPB) traded up 1.10% on Thursday, hitting $45.89. The company had a trading volume of 934,965 shares. The stock has a market cap of $13.79 billion, a PE ratio of 15.88 and a beta of 0.36. Campbell Soup Company has a 12 month low of $44.99 and a 12 month high of $64.23. The company has a 50-day moving average of $47.64 and a 200 day moving average of $53.35.

Campbell Soup (NYSE:CPB) last issued its earnings results on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. Analysts anticipate that Campbell Soup Company will post $3.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Thursday, October 12th. Campbell Soup’s payout ratio is 48.44%.

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.

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

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