Sicart Associates LLC Has $794,000 Position in Campbell Soup (CPB)
Sicart Associates LLC boosted its holdings in Campbell Soup (NYSE:CPB) by 65.0% during the 4th quarter, HoldingsChannel reports. The fund owned 16,500 shares of the company’s stock after buying an additional 6,500 shares during the period. Sicart Associates LLC’s holdings in Campbell Soup were worth $794,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in CPB. Victory Capital Management Inc. lifted its position in Campbell Soup by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after acquiring an additional 213 shares in the last quarter. Franklin Resources Inc. raised its stake in Campbell Soup by 87.7% during the 2nd quarter. Franklin Resources Inc. now owns 18,382 shares of the company’s stock valued at $959,000 after buying an additional 8,587 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Campbell Soup by 1.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock valued at $240,000 after buying an additional 70 shares during the last quarter. AJO LP purchased a new stake in Campbell Soup during the 2nd quarter valued at $879,000. Finally, Norinchukin Bank The raised its stake in Campbell Soup by 5.9% during the 2nd quarter. Norinchukin Bank The now owns 13,307 shares of the company’s stock valued at $694,000 after buying an additional 737 shares during the last quarter. 46.05% of the stock is currently owned by institutional investors and hedge funds.
Campbell Soup (NYSE CPB) traded up $0.69 during trading hours on Wednesday, hitting $47.13. The stock had a trading volume of 1,230,000 shares, compared to its average volume of 2,600,000. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39. The stock has a market cap of $14,170.00, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 3.58 and a beta of 0.39. Campbell Soup has a 52-week low of $44.99 and a 52-week high of $64.23.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.05). The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. research analysts anticipate that Campbell Soup will post 2.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.97%. Campbell Soup’s dividend payout ratio (DPR) is 48.95%.
Campbell Soup announced that its board has approved a stock repurchase program on Monday, December 18th that authorizes the company to repurchase shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have weighed in on the stock. Citigroup upgraded shares of Campbell Soup from a “neutral” rating to a “buy” rating and boosted their target price for the company from $45.51 to $57.00 in a research note on Tuesday. Morgan Stanley decreased their target price on shares of Campbell Soup from $47.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, October 13th. UBS Group decreased their target price on shares of Campbell Soup from $42.00 to $41.00 and set a “sell” rating for the company in a research note on Wednesday, November 22nd. Piper Jaffray Companies set a $49.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a research note on Tuesday, November 28th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $50.00 target price on shares of Campbell Soup in a research note on Friday, December 15th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $50.08.
In other news, insider Edward Carolan sold 6,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $48.15, for a total value of $312,975.00. Following the completion of the sale, the insider now directly owns 41,506 shares in the company, valued at approximately $1,998,513.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carlos Barroso sold 4,300 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $48.86, for a total value of $210,098.00. Following the completion of the sale, the senior vice president now owns 29,119 shares of the company’s stock, valued at $1,422,754.34. The disclosure for this sale can be found here. Insiders sold a total of 15,284 shares of company stock valued at $741,399 over the last 90 days. 37.20% of the stock is currently owned by company insiders.
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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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