Robinson Value Management Ltd. Increases Position in Campbell Soup Company (CPB)
Robinson Value Management Ltd. lifted its position in Campbell Soup Company (NYSE:CPB) by 8.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,073 shares of the company’s stock after purchasing an additional 1,630 shares during the period. Robinson Value Management Ltd.’s holdings in Campbell Soup were worth $1,033,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CPB. Motco boosted its holdings in shares of Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after purchasing an additional 1,600 shares during the period. First Personal Financial Services lifted its holdings in Campbell Soup by 180.9% during the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock worth $125,000 after buying an additional 1,724 shares during the period. Meeder Asset Management Inc. purchased a new stake in Campbell Soup during the third quarter worth $175,000. Victory Capital Management Inc. lifted its holdings in Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock worth $195,000 after buying an additional 213 shares during the period. Finally, First Allied Advisory Services Inc. lifted its holdings in Campbell Soup by 6.3% during the second quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock worth $201,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 46.33% of the company’s stock.
Campbell Soup Company (NYSE:CPB) opened at $49.19 on Thursday. The stock has a market capitalization of $14,956.70, a price-to-earnings ratio of 16.92, a PEG ratio of 3.78 and a beta of 0.40. The company has a current ratio of 0.77, a quick ratio of 0.42 and a debt-to-equity ratio of 1.34. Campbell Soup Company has a 12-month low of $44.99 and a 12-month high of $64.23.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 earnings per share. equities research analysts anticipate that Campbell Soup Company will post 2.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s payout ratio is presently 48.95%.
In other Campbell Soup news, insider Luca Mignini purchased 4,300 shares of Campbell Soup stock in a transaction dated Wednesday, September 27th. The shares were acquired at an average cost of $46.47 per share, with a total value of $199,821.00. Following the completion of the transaction, the insider now owns 88,178 shares in the company, valued at approximately $4,097,631.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles R. Perrin sold 2,304 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. Corporate insiders own 37.20% of the company’s stock.
CPB has been the subject of a number of analyst reports. Royal Bank of Canada set a $56.00 target price on Campbell Soup and gave the stock a “hold” rating in a report on Wednesday, October 25th. Goldman Sachs Group lowered their target price on Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a report on Sunday, September 3rd. UBS lowered their target price on Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a report on Thursday, November 9th. Credit Suisse Group set a $41.00 target price on Campbell Soup and gave the stock a “sell” rating in a report on Friday, November 24th. Finally, Morgan Stanley restated an “underweight” rating and set a $47.00 target price (down previously from $52.00) on shares of Campbell Soup in a report on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $49.91.
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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