TD Asset Management Inc. decreased its stake in shares of Campbell Soup Company (NYSE:CPB) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,248 shares of the company’s stock after selling 9,296 shares during the period. TD Asset Management Inc.’s holdings in Campbell Soup were worth $10,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc raised its position in shares of Campbell Soup by 401.3% in the second quarter. IFP Advisors Inc now owns 12,393 shares of the company’s stock valued at $646,000 after buying an additional 9,921 shares in the last quarter. Mercer Capital Advisers Inc. raised its position in shares of Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Campbell Soup by 39.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 689,378 shares of the company’s stock valued at $35,953,000 after buying an additional 195,795 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Campbell Soup by 9.3% in the second quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the company’s stock valued at $308,000 after buying an additional 500 shares in the last quarter. Finally, Rothschild Asset Management Inc. raised its position in shares of Campbell Soup by 6.2% in the second quarter. Rothschild Asset Management Inc. now owns 14,993 shares of the company’s stock valued at $782,000 after buying an additional 878 shares in the last quarter. 43.63% of the stock is currently owned by institutional investors.

Campbell Soup Company (CPB) opened at 53.85 on Tuesday. The stock has a market cap of $16.32 billion, a P/E ratio of 34.00 and a beta of 0.34. The firm’s 50-day moving average price is $52.42 and its 200-day moving average price is $56.81. Campbell Soup Company has a 12 month low of $50.62 and a 12 month high of $64.23.

Campbell Soup (NYSE:CPB) last released 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 had a return on equity of 59.83% and a net margin of 6.17%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, 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 was paid on Monday, July 31st. Shareholders of record on Thursday, July 13th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.60%. The ex-dividend date was Tuesday, July 11th. Campbell Soup’s payout ratio is 88.05%.

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Several research analysts recently issued reports on the company. Barclays PLC reaffirmed a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Credit Suisse Group set a $47.00 target price on Campbell Soup and gave the company a “sell” rating in a research report on Sunday, July 23rd. Zacks Investment Research lowered Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $60.00 target price on Campbell Soup and gave the company a “hold” rating in a research report on Tuesday, July 18th. Finally, Morgan Stanley reduced their target price on Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Campbell Soup has a consensus rating of “Hold” and a consensus target price of $57.24.

About Campbell Soup

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

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