Rhumbline Advisers reduced its holdings in Campbell Soup (NYSE:CPB) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,577 shares of the company’s stock after selling 7,741 shares during the quarter. Rhumbline Advisers’ holdings in Campbell Soup were worth $15,348,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in shares of Campbell Soup during the first quarter valued at approximately $2,832,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Campbell Soup by 191.9% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 109,248 shares of the company’s stock valued at $4,722,000 after buying an additional 71,816 shares during the last quarter. Dupont Capital Management Corp raised its position in shares of Campbell Soup by 64.3% during the first quarter. Dupont Capital Management Corp now owns 73,782 shares of the company’s stock valued at $3,195,000 after buying an additional 28,872 shares during the last quarter. Twin Capital Management Inc. raised its position in shares of Campbell Soup by 85.5% during the first quarter. Twin Capital Management Inc. now owns 69,276 shares of the company’s stock valued at $3,001,000 after buying an additional 31,925 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Campbell Soup by 10.5% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 30,819 shares of the company’s stock valued at $1,335,000 after buying an additional 2,939 shares during the last quarter. Hedge funds and other institutional investors own 51.66% of the company’s stock.

In other Campbell Soup news, Director Maria Teresa Hilado purchased 2,000 shares of Campbell Soup stock in a transaction that occurred on Wednesday, June 6th. The shares were bought at an average price of $33.22 per share, for a total transaction of $66,440.00. Following the completion of the transaction, the director now owns 4,330 shares of the company’s stock, valued at approximately $143,842.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 37.20% of the company’s stock.

Several research firms have recently issued reports on CPB. JPMorgan Chase & Co. cut shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 price objective on the stock. in a research report on Friday, August 10th. Wells Fargo & Co set a $42.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a research report on Monday. Piper Jaffray Companies set a $35.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research report on Tuesday, August 14th. Credit Suisse Group set a $32.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research report on Friday, July 13th. Finally, Gabelli reiterated a “buy” rating on shares of Campbell Soup in a research report on Monday, July 16th. Eleven analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Campbell Soup presently has a consensus rating of “Hold” and an average price target of $41.00.

Shares of CPB opened at $42.18 on Tuesday. Campbell Soup has a fifty-two week low of $32.63 and a fifty-two week high of $54.37. The firm has a market capitalization of $12.64 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 2.67 and a beta of 0.28. The company has a current ratio of 0.68, a quick ratio of 0.37 and a debt-to-equity ratio of 5.73.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 30th. Investors of record on Friday, July 13th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.32%. The ex-dividend date was Thursday, July 12th. Campbell Soup’s dividend payout ratio is presently 46.05%.

Campbell Soup Company Profile

Campbell Soup Co engages in manufacturing and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: 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 businesses in the U.S., Canada and Latin America.

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

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