Brown Advisory Inc. Has $14.27 Million Stake in Campbell Soup Company (CPB)

Brown Advisory Inc. trimmed its stake in Campbell Soup Company (NYSE:CPB) by 14.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,735 shares of the company’s stock after selling 49,699 shares during the period. Brown Advisory Inc. owned 0.10% of Campbell Soup worth $14,268,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Advisors Management Group Inc. ADV boosted its holdings in Campbell Soup by 0.3% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 6,119 shares of the company’s stock worth $319,000 after buying an additional 21 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Campbell Soup by 1.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock worth $240,000 after buying an additional 70 shares during the period. MML Investors Services LLC boosted its holdings in Campbell Soup by 1.7% in the 2nd quarter. MML Investors Services LLC now owns 6,517 shares of the company’s stock worth $340,000 after buying an additional 112 shares during the period. Wesbanco Bank Inc. boosted its holdings in Campbell Soup by 1.5% in the 2nd quarter. Wesbanco Bank Inc. now owns 7,915 shares of the company’s stock worth $413,000 after buying an additional 120 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in Campbell Soup by 1.2% in the 2nd quarter. Moors & Cabot Inc. now owns 12,250 shares of the company’s stock worth $640,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 46.33% of the company’s stock.

Campbell Soup Company (CPB) opened at $49.22 on Monday. Campbell Soup Company has a 1-year low of $44.99 and a 1-year high of $64.23. The company has a market cap of $14,792.01, a PE ratio of 16.74, a price-to-earnings-growth ratio of 3.74 and a beta of 0.40. The company has a current ratio of 0.77, a quick ratio of 0.42 and a debt-to-equity ratio of 1.34.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $1.00 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. equities research analysts forecast that Campbell Soup Company will post 2.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.95%.

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

Several research analysts recently weighed in on CPB shares. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Royal Bank Of Canada dropped their target price on shares of Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating for the company in a report on Friday, September 1st. Credit Suisse Group reaffirmed a “sell” rating and issued a $43.00 target price (down previously from $47.00) on shares of Campbell Soup in a report on Friday, September 1st. Deutsche Bank reaffirmed a “hold” rating and issued a $51.00 target price (down previously from $58.00) on shares of Campbell Soup in a report on Friday, September 1st. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $47.00 target price (down previously from $52.00) on shares of Campbell Soup in a report on Friday, September 1st. Seven equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.91.

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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.

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

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