Campbell Soup (NYSE:CPB) Stake Raised by Tdam USA Inc.

Tdam USA Inc. boosted its holdings in Campbell Soup (NYSE:CPB) by 2.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 10,039 shares of the company’s stock after purchasing an additional 260 shares during the quarter. Tdam USA Inc.’s holdings in Campbell Soup were worth $402,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Keybank National Association OH increased its stake in Campbell Soup by 93.0% in the 2nd quarter. Keybank National Association OH now owns 41,457 shares of the company’s stock worth $1,661,000 after purchasing an additional 19,981 shares in the last quarter. Robecosam AG grew its stake in Campbell Soup by 24.8% during the 2nd quarter. Robecosam AG now owns 109,830 shares of the company’s stock valued at $4,366,000 after acquiring an additional 21,830 shares in the last quarter. Stevens Capital Management LP grew its stake in Campbell Soup by 181.5% during the 2nd quarter. Stevens Capital Management LP now owns 306,176 shares of the company’s stock valued at $12,268,000 after acquiring an additional 197,396 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Campbell Soup during the 2nd quarter valued at about $2,605,000. Finally, Aperio Group LLC grew its stake in Campbell Soup by 7.4% during the 2nd quarter. Aperio Group LLC now owns 118,537 shares of the company’s stock valued at $4,750,000 after acquiring an additional 8,131 shares in the last quarter. Hedge funds and other institutional investors own 52.17% of the company’s stock.

CPB has been the topic of several research analyst reports. UBS Group set a $36.00 target price on Campbell Soup and gave the company a “sell” rating in a research note on Thursday, June 6th. ValuEngine raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Credit Suisse Group lifted their target price on Campbell Soup from $30.00 to $36.00 and gave the company an “underperform” rating in a research note on Thursday, June 6th. Wells Fargo & Co lifted their target price on Campbell Soup from $38.00 to $41.00 and gave the company a “market perform” rating in a research note on Thursday, June 6th. Finally, Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research note on Friday, June 7th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.60.

In related news, Director Randall W. Larrimore sold 3,400 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $41.36, for a total value of $140,624.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stanley Polomski sold 9,732 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $41.01, for a total value of $399,109.32. Following the completion of the sale, the vice president now directly owns 24,540 shares of the company’s stock, valued at approximately $1,006,385.40. The disclosure for this sale can be found here. In the last three months, insiders sold 19,132 shares of company stock valued at $780,333. 37.20% of the stock is currently owned by company insiders.

NYSE:CPB traded up $0.27 on Thursday, hitting $41.73. 12,183 shares of the company’s stock traded hands, compared to its average volume of 1,520,189. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62. Campbell Soup has a 1 year low of $32.03 and a 1 year high of $43.66. The firm’s 50-day simple moving average is $41.26. The firm has a market capitalization of $12.49 billion, a P/E ratio of 14.53, a PEG ratio of 3.25 and a beta of 0.51.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. Analysts predict that Campbell Soup will post 2.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, July 12th were paid a $0.35 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.35%. Campbell Soup’s payout ratio is 48.78%.

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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