Victory Capital Management Inc. Has $234,000 Holdings in Campbell Soup (CPB)

Victory Capital Management Inc. lowered its position in Campbell Soup (NYSE:CPB) by 96.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,388 shares of the company’s stock after selling 202,254 shares during the period. Victory Capital Management Inc.’s holdings in Campbell Soup were worth $234,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Campbell Soup by 766.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,467 shares of the company’s stock worth $140,000 after acquiring an additional 3,067 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Campbell Soup by 367.4% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock worth $132,000 after acquiring an additional 2,822 shares during the period. Exane Derivatives purchased a new stake in shares of Campbell Soup during the third quarter worth about $138,000. CSat Investment Advisory L.P. purchased a new stake in shares of Campbell Soup during the second quarter worth about $159,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Campbell Soup during the third quarter worth about $150,000. Institutional investors and hedge funds own 53.18% of the company’s stock.

In other Campbell Soup news, insider Luca Mignini acquired 5,494 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was bought at an average price of $36.41 per share, with a total value of $200,036.54. Following the purchase, the insider now owns 112,990 shares in the company, valued at $4,113,965.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 37.20% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on the stock. Piper Jaffray Companies set a $35.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a research note on Tuesday, August 14th. Wolfe Research cut shares of Campbell Soup from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 5th. Zacks Investment Research cut shares of Campbell Soup from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. cut shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 target price for the company. in a research note on Friday, August 10th. Finally, UBS Group set a $30.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a research note on Thursday, August 23rd. Nine analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $40.33.

Shares of NYSE CPB opened at $39.20 on Monday. Campbell Soup has a 12-month low of $32.63 and a 12-month high of $51.07. The stock has a market cap of $11.79 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 2.69 and a beta of 0.18. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.69 and a quick ratio of 0.31.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Tuesday, November 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.10. Campbell Soup had a net margin of 1.95% and a return on equity of 53.81%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the company earned $0.92 EPS. Campbell Soup’s revenue was up 24.7% compared to the same quarter last year. As a group, equities analysts forecast that Campbell Soup will post 2.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 28th. Investors of record on Wednesday, January 9th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.40 annualized dividend and a yield of 3.57%. Campbell Soup’s dividend payout ratio is presently 48.78%.

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Campbell Soup Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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

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