Advisor Partners LLC Has $325,000 Holdings in Campbell Soup (CPB)
Advisor Partners LLC raised its position in Campbell Soup (NYSE:CPB) by 31.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,859 shares of the company’s stock after buying an additional 2,360 shares during the period. Advisor Partners LLC’s holdings in Campbell Soup were worth $325,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Csenge Advisory Group purchased a new position in Campbell Soup in the 3rd quarter valued at about $33,000. Flagship Harbor Advisors LLC boosted its position in Campbell Soup by 49.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,283 shares of the company’s stock valued at $42,000 after buying an additional 425 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Campbell Soup by 367.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock valued at $132,000 after buying an additional 2,822 shares during the last quarter. Exane Derivatives purchased a new position in Campbell Soup in the 3rd quarter valued at about $138,000. Finally, Tower Research Capital LLC TRC boosted its position in Campbell Soup by 766.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,467 shares of the company’s stock valued at $140,000 after buying an additional 3,067 shares during the last quarter. 52.92% of the stock is owned by institutional investors.
A number of research firms have weighed in on CPB. UBS Group set a $33.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research report on Friday, November 16th. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Wells Fargo & Co reissued a “hold” rating on shares of Campbell Soup in a research report on Wednesday, January 16th. ValuEngine cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Bank of America set a $31.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research report on Tuesday, November 27th. Ten research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Sell” and an average target price of $38.71.
Campbell Soup (NYSE:CPB) last issued its earnings results on Tuesday, November 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.66 billion. Campbell Soup had a net margin of 1.95% and a return on equity of 53.81%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS. Sell-side analysts forecast that Campbell Soup will post 2.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Wednesday, January 9th were paid a $0.35 dividend. The ex-dividend date was Tuesday, January 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.00%. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.
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About Campbell Soup
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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