Campbell Soup Company (NYSE:CPB) Stake Boosted by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC raised its position in Campbell Soup Company (NYSE:CPB) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 20,755 shares of the company’s stock after buying an additional 449 shares during the period. Janney Montgomery Scott LLC’s holdings in Campbell Soup were worth $1,082,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Arthur M. Cohen & Associates LLC increased its position in shares of Campbell Soup by 2.0% in the second quarter. Arthur M. Cohen & Associates LLC now owns 15,184 shares of the company’s stock worth $792,000 after buying an additional 305 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Campbell Soup by 3.0% in the second quarter. Shell Asset Management Co. now owns 36,419 shares of the company’s stock worth $1,899,000 after buying an additional 1,045 shares during the last quarter. Hartford Investment Management Co. increased its position in shares of Campbell Soup by 3.8% in the second quarter. Hartford Investment Management Co. now owns 78,130 shares of the company’s stock worth $4,074,000 after buying an additional 2,881 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Campbell Soup during the second quarter worth about $245,000. Finally, Berkshire Asset Management LLC PA increased its position in shares of Campbell Soup by 73.0% in the second quarter. Berkshire Asset Management LLC PA now owns 8,286 shares of the company’s stock worth $432,000 after buying an additional 3,496 shares during the last quarter. 43.84% of the stock is currently owned by institutional investors and hedge funds.
Campbell Soup Company (NYSE CPB) opened at 53.61 on Friday. The company has a 50 day moving average price of $52.41 and a 200 day moving average price of $56.97. The firm has a market capitalization of $16.25 billion, a P/E ratio of 33.84 and a beta of 0.34. Campbell Soup Company has a 52-week low of $50.62 and a 52-week high of $64.23.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Friday, May 19th. The company reported $0.59 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. Campbell Soup’s revenue was down .9% compared to the same quarter last year. On average, equities analysts forecast that Campbell Soup Company will post $3.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 13th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $1.40 annualized dividend and a yield of 2.61%. Campbell Soup’s dividend payout ratio is currently 88.05%.
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A number of equities analysts have 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 price target on Campbell Soup and gave the stock a “sell” rating in a research report on Sunday, July 23rd. Zacks Investment Research downgraded 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 price target on Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Finally, Morgan Stanley reduced their price target 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 analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price 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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