Town & Country Bank & Trust CO dba First Bankers Trust CO lessened its holdings in Campbell Soup (NYSE:CPB) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the company’s stock after selling 300 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Campbell Soup were worth $258,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP grew its position in Campbell Soup by 30.6% in the 1st quarter. First Trust Advisors LP now owns 991,974 shares of the company’s stock worth $37,824,000 after purchasing an additional 232,463 shares in the last quarter. Tyers Asset Management LLC grew its position in Campbell Soup by 7.1% in the 1st quarter. Tyers Asset Management LLC now owns 22,036 shares of the company’s stock worth $840,000 after purchasing an additional 1,456 shares in the last quarter. Burney Co. grew its position in Campbell Soup by 19.5% in the 1st quarter. Burney Co. now owns 19,964 shares of the company’s stock worth $761,000 after purchasing an additional 3,262 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Campbell Soup in the 1st quarter worth about $543,000. Finally, Redwood Investment Management LLC grew its position in Campbell Soup by 18.7% in the 1st quarter. Redwood Investment Management LLC now owns 25,970 shares of the company’s stock worth $990,000 after purchasing an additional 4,087 shares in the last quarter. Institutional investors own 52.17% of the company’s stock.
In other Campbell Soup news, SVP Adam G. Ciongoli sold 16,096 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $47.16, for a total value of $759,087.36. Following the sale, the senior vice president now directly owns 70,984 shares in the company, valued at approximately $3,347,605.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 37.20% of the company’s stock.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Friday, August 30th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.08. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Campbell Soup had a net margin of 2.25% and a return on equity of 62.59%. Campbell Soup’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. On average, equities analysts predict that Campbell Soup will post 2.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 10th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, October 9th. Campbell Soup’s payout ratio is currently 60.87%.
A number of equities research analysts have issued reports on CPB shares. ValuEngine downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Bank of America increased their target price on shares of Campbell Soup from $36.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their target price on shares of Campbell Soup from $41.00 to $48.00 in a research report on Tuesday, September 3rd. Citigroup increased their target price on shares of Campbell Soup from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a research report on Friday, August 30th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.45.
Campbell Soup Company 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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