OppenheimerFunds Inc. increased its position in Campbell Soup Company (NYSE:CPB) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,578 shares of the company’s stock after buying an additional 1,489 shares during the period. OppenheimerFunds Inc.’s holdings in Campbell Soup were worth $1,006,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Waldron LP increased its position in Campbell Soup by 9,981.3% in the first quarter. Waldron LP now owns 3,730,196 shares of the company’s stock worth $225,418,000 after buying an additional 3,693,195 shares in the last quarter. Norges Bank acquired a new position in Campbell Soup during the fourth quarter worth about $115,630,000. Schroder Investment Management Group increased its position in Campbell Soup by 97.2% in the first quarter. Schroder Investment Management Group now owns 2,917,189 shares of the company’s stock worth $166,601,000 after buying an additional 1,438,025 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Campbell Soup by 33.3% in the first quarter. Alliancebernstein L.P. now owns 3,333,547 shares of the company’s stock worth $190,812,000 after buying an additional 833,687 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Campbell Soup by 102.3% in the first quarter. American Century Companies Inc. now owns 1,064,913 shares of the company’s stock worth $60,956,000 after buying an additional 538,536 shares during the last quarter. Institutional investors and hedge funds own 43.97% of the company’s stock.
Shares of Campbell Soup Company (NYSE CPB) traded down 0.41% during trading on Friday, reaching $52.85. 854,883 shares of the company’s stock were exchanged. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 33.36 and a beta of 0.34. The stock has a 50 day moving average price of $53.16 and a 200-day moving average price of $57.56. Campbell Soup Company has a 52 week low of $50.62 and a 52 week high of $64.23.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Campbell Soup had a return on equity of 59.83% and a net margin of 6.17%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. Analysts predict that Campbell Soup Company will post $3.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 13th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, July 11th. This represents a $1.40 annualized dividend and a yield of 2.65%. Campbell Soup’s dividend payout ratio (DPR) is presently 88.05%.
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A number of equities research analysts recently commented on the stock. Piper Jaffray Companies assumed coverage on shares of Campbell Soup in a research report on Wednesday, May 24th. They set a “neutral” rating and a $59.00 target price for the company. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $58.00 price target (down previously from $62.50) on shares of Campbell Soup in a report on Tuesday, May 23rd. Barclays PLC reissued a “sell” rating on shares of Campbell Soup in a report on Tuesday, July 25th. Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the stock a “hold” rating in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $55.00 target price (down previously from $60.00) on shares of Campbell Soup in a report on Wednesday, June 28th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $57.24.
Campbell Soup Company Profile
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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