World Asset Management Inc increased its position in Campbell Soup Company (NYSE:CPB) by 19.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,441 shares of the company’s stock after buying an additional 3,472 shares during the period. World Asset Management Inc’s holdings in Campbell Soup Company were worth $1,227,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of CPB. Thompson Siegel & Walmsley LLC bought a new position in Campbell Soup Company during the fourth quarter worth approximately $121,000. IFP Advisors Inc boosted its position in Campbell Soup Company by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock worth $142,000 after buying an additional 55 shares during the period. Winch Advisory Services LLC bought a new position in Campbell Soup Company during the third quarter worth approximately $164,000. Van ECK Associates Corp boosted its position in Campbell Soup Company by 22.9% in the fourth quarter. Van ECK Associates Corp now owns 2,918 shares of the company’s stock worth $176,000 after buying an additional 543 shares during the period. Finally, Whittier Trust Co. boosted its position in Campbell Soup Company by 2.8% in the first quarter. Whittier Trust Co. now owns 3,469 shares of the company’s stock worth $198,000 after buying an additional 94 shares during the period. 42.81% of the stock is owned by hedge funds and other institutional investors.
Campbell Soup Company (NYSE:CPB) traded down 2.25% during mid-day trading on Friday, reaching $55.66. 2,026,814 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $57.12 and a 200-day moving average of $58.62. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 34.68 and a beta of 0.46. Campbell Soup Company has a one year low of $52.58 and a one year high of $67.89.
Campbell Soup Company (NYSE:CPB) last posted its earnings results on Friday, May 19th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm posted $0.65 earnings per share. Campbell Soup Company’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts anticipate that Campbell Soup Company will post $3.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Wednesday, April 12th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, April 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.46%. Campbell Soup Company’s dividend payout ratio (DPR) is presently 66.04%.
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Several research analysts have recently issued reports on the company. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Campbell Soup Company in a research note on Monday, February 27th. Stifel Nicolaus upped their price objective on Campbell Soup Company from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, January 23rd. Royal Bank of Canada upped their price objective on Campbell Soup Company from $60.00 to $63.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 15th. Deutsche Bank AG assumed coverage on Campbell Soup Company in a research note on Wednesday, February 15th. They issued a “hold” rating and a $65.00 price objective for the company. Finally, Zacks Investment Research downgraded Campbell Soup Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Campbell Soup Company currently has an average rating of “Hold” and a consensus price target of $60.17.
In other Campbell Soup Company news, Director Bennett Dorrance bought 915,766 shares of Campbell Soup Company stock in a transaction dated Thursday, March 30th. The shares were purchased at an average cost of $57.34 per share, with a total value of $52,510,022.44. Following the completion of the purchase, the director now owns 24,978 shares of the company’s stock, valued at $1,432,238.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 37.30% of the stock is currently owned by insiders.
About Campbell Soup Company
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.
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