Boulegeris Investments Inc. lifted its position in Campbell Soup Company (NYSE:CPB) by 46.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,625 shares of the company’s stock after buying an additional 8,700 shares during the period. Campbell Soup comprises 0.7% of Boulegeris Investments Inc.’s holdings, making the stock its 23rd largest position. Boulegeris Investments Inc.’s holdings in Campbell Soup were worth $1,293,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisors Management Group Inc. ADV increased its position in shares of Campbell Soup by 0.3% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 6,119 shares of the company’s stock valued at $319,000 after buying an additional 21 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Campbell Soup by 1.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock valued at $240,000 after buying an additional 70 shares in the last quarter. MML Investors Services LLC increased its position in shares of Campbell Soup by 1.7% in the 2nd quarter. MML Investors Services LLC now owns 6,517 shares of the company’s stock valued at $340,000 after buying an additional 112 shares in the last quarter. Wesbanco Bank Inc. increased its position in shares of Campbell Soup by 1.5% in the 2nd quarter. Wesbanco Bank Inc. now owns 7,915 shares of the company’s stock valued at $413,000 after buying an additional 120 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of Campbell Soup by 1.2% in the 2nd quarter. Moors & Cabot Inc. now owns 12,250 shares of the company’s stock valued at $640,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.
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In related news, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luca Mignini purchased 4,300 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average cost of $46.47 per share, with a total value of $199,821.00. Following the completion of the transaction, the insider now owns 88,178 shares in the company, valued at $4,097,631.66. The disclosure for this purchase can be found here. Company insiders own 37.20% of the company’s stock.
CPB has been the subject of a number of research reports. Royal Bank Of Canada set a $56.00 target price on Campbell Soup and gave the stock a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group set a $47.00 target price on Campbell Soup and gave the stock a “sell” rating in a report on Sunday, July 23rd. Morgan Stanley lowered their target price on Campbell Soup from $47.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, October 13th. Piper Jaffray Companies reiterated a “neutral” rating and set a $50.00 target price (down previously from $56.00) on shares of Campbell Soup in a report on Monday, September 11th. Finally, Barclays PLC reiterated a “sell” rating on shares of Campbell Soup in a report on Tuesday, July 25th. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Campbell Soup currently has an average rating of “Hold” and a consensus target price of $50.91.
Shares of Campbell Soup Company (CPB) traded up 0.63% during midday trading on Wednesday, reaching $47.67. 807,594 shares of the company traded hands. The company has a 50-day moving average of $46.63 and a 200 day moving average of $52.29. The firm has a market capitalization of $14.33 billion, a PE ratio of 16.49 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.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $0.46 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. On average, equities analysts forecast that Campbell Soup Company will post $3.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Friday, October 13th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.40 dividend on an annualized basis and a yield of 2.96%. Campbell Soup’s dividend payout ratio (DPR) is currently 48.44%.
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.
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