Macquarie Group Ltd. Boosts Stake in Campbell Soup Company (CPB)

Macquarie Group Ltd. grew its stake in shares of Campbell Soup Company (NYSE:CPB) by 20.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,143 shares of the company’s stock after buying an additional 7,920 shares during the quarter. Macquarie Group Ltd.’s holdings in Campbell Soup were worth $2,203,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CPB. Motco grew its holdings in Campbell Soup by 301.9% in the 2nd quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after acquiring an additional 1,600 shares during the last quarter. First Personal Financial Services boosted its stake in shares of Campbell Soup by 180.9% during the 3rd quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after purchasing an additional 1,724 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Campbell Soup during the 3rd quarter valued at about $175,000. Victory Capital Management Inc. boosted its stake in shares of Campbell Soup by 6.1% during the 2nd quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after purchasing an additional 213 shares in the last quarter. Finally, First Allied Advisory Services Inc. boosted its stake in shares of Campbell Soup by 6.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock valued at $201,000 after purchasing an additional 227 shares in the last quarter. 46.33% of the stock is currently owned by institutional investors.

In other news, insider Luca Mignini bought 4,300 shares of Campbell Soup stock in a transaction dated Wednesday, September 27th. The shares were acquired at an average price of $46.47 per share, with a total value of $199,821.00. Following the completion of the purchase, the insider now owns 88,178 shares in the company, valued at approximately $4,097,631.66. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of the stock in a transaction on 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. Corporate insiders own 37.20% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Piper Jaffray Companies set a $49.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a research note on Tuesday, November 28th. UBS cut their target price on shares of Campbell Soup from $42.00 to $41.00 and set a “sell” rating on the stock in a research note on Wednesday, November 22nd. Morgan Stanley cut their target price on shares of Campbell Soup from $47.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, October 13th. Royal Bank Of Canada lowered their price target on shares of Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating for the company in a research report on Friday, September 1st. Finally, Credit Suisse Group set a $41.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a research report on Friday, November 24th. Seven research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Campbell Soup has a consensus rating of “Hold” and an average target price of $49.91.

Shares of Campbell Soup Company (NYSE:CPB) opened at $49.83 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The company has a market cap of $15,122.59, a P/E ratio of 17.12, a PEG ratio of 3.82 and a beta of 0.40. Campbell Soup Company has a 12 month low of $44.99 and a 12 month high of $64.23.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be given a $0.35 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. Campbell Soup’s payout ratio is currently 48.95%.

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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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