Daiwa Securities Group Inc. Purchases 500 Shares of Campbell Soup Company (CPB)
Daiwa Securities Group Inc. boosted its position in Campbell Soup Company (NYSE:CPB) by 9.3% during the second quarter, Holdings Channel reports. The fund owned 5,900 shares of the company’s stock after buying an additional 500 shares during the period. Daiwa Securities Group Inc.’s holdings in Campbell Soup were worth $308,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Campbell Soup by 2,522.6% in the first quarter. BlackRock Inc. now owns 14,676,936 shares of the company’s stock worth $840,105,000 after buying an additional 14,117,312 shares during the last quarter. Waldron LP boosted its position in shares of Campbell Soup by 9,981.3% in the first quarter. Waldron LP now owns 3,730,196 shares of the company’s stock worth $225,418,000 after buying an additional 3,693,195 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Campbell Soup by 97.2% in the first quarter. Schroder Investment Management Group now owns 2,917,189 shares of the company’s stock worth $166,601,000 after buying an additional 1,438,025 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Campbell Soup by 33.3% in the first quarter. Alliancebernstein L.P. now owns 3,333,547 shares of the company’s stock worth $190,812,000 after buying an additional 833,687 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its position in shares of Campbell Soup by 922.3% in the first quarter. Gotham Asset Management LLC now owns 641,623 shares of the company’s stock worth $36,727,000 after buying an additional 578,860 shares during the last quarter. 43.63% of the stock is owned by institutional investors and hedge funds.
Shares of Campbell Soup Company (CPB) opened at 53.73 on Wednesday. Campbell Soup Company has a 12 month low of $50.62 and a 12 month high of $64.23. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 33.92 and a beta of 0.34. The company’s 50 day moving average price is $52.42 and its 200 day moving average price is $56.75.
Campbell Soup (NYSE:CPB) last posted 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. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.87 billion. Campbell Soup had a return on equity of 59.83% and a net margin of 6.17%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. On average, equities analysts expect that Campbell Soup Company will post $3.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 13th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $1.40 annualized dividend and a dividend yield of 2.61%. Campbell Soup’s payout ratio is presently 88.05%.
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A number of equities research analysts have commented on CPB shares. Zacks Investment Research lowered Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. 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. BidaskClub lowered Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Royal Bank Of Canada set a $60.00 price target on Campbell Soup and gave the company a “hold” rating in a research report on Tuesday, July 18th. Finally, Credit Suisse Group set a $50.00 price target on Campbell Soup and gave the company a “sell” rating in a research report on Friday, July 7th. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target 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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