Campbell Soup (NYSE:CPB) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its position in shares of Campbell Soup (NYSE:CPB) by 88.8% in the third quarter, reports. The fund owned 1,650 shares of the company’s stock after selling 13,105 shares during the period. Penserra Capital Management LLC’s holdings in Campbell Soup were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Massey Quick Simon & CO. LLC acquired a new stake in shares of Campbell Soup in the third quarter valued at $25,000. Citizens Financial Group Inc RI purchased a new position in Campbell Soup in the second quarter valued at $28,000. Meeder Asset Management Inc. grew its stake in Campbell Soup by 204.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 783 shares of the company’s stock worth $31,000 after purchasing an additional 526 shares in the last quarter. Strategic Blueprint LLC acquired a new position in Campbell Soup during the 3rd quarter worth $47,000. Finally, AdvisorNet Financial Inc increased its holdings in Campbell Soup by 1,207.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,046 shares of the company’s stock worth $49,000 after purchasing an additional 966 shares during the period. Institutional investors own 50.88% 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 transaction, the senior vice president now directly owns 70,984 shares in the company, valued at $3,347,605.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 36.48% of the company’s stock.

A number of research firms have issued reports on CPB. Piper Jaffray Companies raised Campbell Soup from an “underweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $45.00 in a research report on Tuesday, September 3rd. Bank of America upped their target price on shares of Campbell Soup from $36.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada initiated coverage on shares of Campbell Soup in a report on Thursday, October 17th. They issued an “outperform” rating and a $55.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Campbell Soup from $41.00 to $48.00 in a research note on Tuesday, September 3rd. Finally, Citigroup boosted their price target on shares of Campbell Soup from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Campbell Soup currently has a consensus rating of “Hold” and a consensus price target of $43.82.

Shares of NYSE CPB opened at $47.58 on Wednesday. The stock’s 50-day simple moving average is $46.94 and its 200-day simple moving average is $43.60. The firm has a market capitalization of $14.03 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 3.11 and a beta of 0.42. Campbell Soup has a fifty-two week low of $32.03 and a fifty-two week high of $48.39. The company has a debt-to-equity ratio of 6.39, a quick ratio of 0.33 and a current ratio of 0.58.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Wednesday, January 8th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, January 7th. Campbell Soup’s dividend payout ratio (DPR) is 60.87%.

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

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