Aperio Group LLC Trims Holdings in Campbell Soup Company (CPB)

Aperio Group LLC reduced its stake in Campbell Soup Company (NYSE:CPB) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,327 shares of the company’s stock after selling 8,158 shares during the period. Aperio Group LLC’s holdings in Campbell Soup were worth $6,289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPB. Teachers Advisors LLC increased 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 acquiring an additional 147,875 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Campbell Soup by 14.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 7,660 shares of the company’s stock valued at $438,000 after acquiring an additional 950 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Campbell Soup by 11.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 875,006 shares of the company’s stock valued at $50,084,000 after acquiring an additional 90,818 shares during the last quarter. DnB Asset Management AS increased its holdings in Campbell Soup by 0.7% in the 2nd quarter. DnB Asset Management AS now owns 30,113 shares of the company’s stock valued at $1,570,000 after acquiring an additional 200 shares during the last quarter. Finally, Charter Trust Co. increased its holdings in Campbell Soup by 2.6% in the 2nd quarter. Charter Trust Co. now owns 8,077 shares of the company’s stock valued at $421,000 after acquiring an additional 203 shares during the last quarter. Institutional investors own 45.18% of the company’s stock.

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In related news, insider Luca Mignini acquired 4,300 shares of the stock in a transaction on Wednesday, September 27th. The stock was bought at an average cost of $46.47 per share, with a total value of $199,821.00. Following the transaction, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of the business’s 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 disclosure for this sale can be found here. 37.20% of the stock is currently owned by insiders.

CPB has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a report on Tuesday, July 18th. Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the stock a “hold” rating in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Credit Suisse Group set a $47.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a report on Sunday, July 23rd. Finally, Barclays PLC restated a “sell” rating on shares of Campbell Soup in a report on Tuesday, July 25th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Campbell Soup has an average rating of “Hold” and a consensus price target of $50.91.

Campbell Soup Company (NYSE:CPB) opened at $46.48 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $13,968.56, a P/E ratio of 15.39, a PEG ratio of 3.38 and a beta of 0.38.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the firm posted $0.46 earnings per share. Campbell Soup’s revenue for the quarter was down 1.4% on a year-over-year basis. analysts predict that Campbell Soup Company will post 3.07 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Friday, October 13th were paid 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 dividend yield of 3.01%. Campbell Soup’s dividend payout ratio is presently 48.44%.

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

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