Campbell Soup Company (CPB) Holdings Raised by Strs Ohio
Strs Ohio grew its position in shares of Campbell Soup Company (NYSE:CPB) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,233 shares of the company’s stock after purchasing an additional 1,747 shares during the period. Strs Ohio’s holdings in Campbell Soup were worth $1,181,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC raised its stake in shares of Campbell Soup by 51.0% during the first quarter. Teachers Advisors LLC now owns 437,838 shares of the company’s stock valued at $25,062,000 after acquiring an additional 147,875 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Campbell Soup by 14.2% during the first quarter. Thrivent Financial For Lutherans now owns 7,660 shares of the company’s stock valued at $438,000 after buying an additional 950 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Campbell Soup by 11.6% during the first quarter. Dimensional Fund Advisors LP now owns 875,006 shares of the company’s stock valued at $50,084,000 after buying an additional 90,818 shares during the last quarter. DnB Asset Management AS boosted its holdings in Campbell Soup by 0.7% in the second quarter. DnB Asset Management AS now owns 30,113 shares of the company’s stock valued at $1,570,000 after purchasing an additional 200 shares during the last quarter. Finally, Charter Trust Co. boosted its holdings in Campbell Soup by 2.6% in the second quarter. Charter Trust Co. now owns 8,077 shares of the company’s stock valued at $421,000 after purchasing an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.
Shares of Campbell Soup Company (NYSE CPB) opened at $46.48 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.42 and a current ratio of 0.79. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 3.40 and a beta of 0.38.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $0.46 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. research analysts predict that Campbell Soup Company will post 3.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, October 13th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, October 12th. Campbell Soup’s dividend payout ratio (DPR) is 48.44%.
In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Luca Mignini purchased 4,300 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were acquired at an average price of $46.47 per share, for a total transaction of $199,821.00. Following the purchase, the insider now directly owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The disclosure for this purchase can be found here. 37.20% of the stock is currently owned by company insiders.
A number of research firms have commented on CPB. Royal Bank Of Canada set a $56.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a report on Wednesday, October 25th. Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research report on Sunday, September 3rd. UBS Group AG (USA) reiterated a “sell” rating and set a $46.00 target price (down from $50.00) on shares of Campbell Soup in a report on Friday, September 1st. Morgan Stanley reiterated an “underweight” rating and set a $47.00 target price (down from $52.00) on shares of Campbell Soup in a report on Friday, September 1st. Finally, Credit Suisse Group set a $50.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a report on Friday, July 7th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Campbell Soup currently has a consensus rating of “Hold” and an average price target of $50.91.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/campbell-soup-company-cpb-holdings-raised-by-strs-ohio/1677803.html.
Campbell Soup 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.
Receive News & Ratings for Campbell Soup Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Company and related companies with Analyst Ratings Network's FREE daily email newsletter.