State of Wisconsin Investment Board reduced its holdings in shares of Campbell Soup (NYSE:CPB) by 80.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,430 shares of the company’s stock after selling 464,691 shares during the period. State of Wisconsin Investment Board’s holdings in Campbell Soup were worth $4,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Champlain Investment Partners LLC bought a new stake in Campbell Soup during the 1st quarter valued at about $56,667,000. Bank of Montreal Can bought a new stake in Campbell Soup during the 2nd quarter valued at about $45,483,000. Wedge Capital Management L L P NC bought a new stake in Campbell Soup during the 2nd quarter valued at about $33,950,000. Eaton Vance Management increased its stake in Campbell Soup by 363.0% during the 1st quarter. Eaton Vance Management now owns 784,539 shares of the company’s stock valued at $33,978,000 after purchasing an additional 615,082 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. increased its stake in Campbell Soup by 20.3% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 2,843,202 shares of the company’s stock valued at $87,692,000 after purchasing an additional 480,296 shares in the last quarter. 51.66% of the stock is owned by institutional investors.

In related news, Director Maria Teresa Hilado purchased 2,000 shares of Campbell Soup stock in a transaction dated Wednesday, June 6th. The stock was purchased at an average cost of $33.22 per share, for a total transaction of $66,440.00. Following the completion of the purchase, the director now directly owns 4,330 shares of the company’s stock, valued at approximately $143,842.60. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 37.20% of the company’s stock.

A number of analysts have weighed in on the stock. Piper Jaffray Companies set a $35.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. lowered shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 price objective for the company. in a research note on Friday, August 10th. ValuEngine lowered shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. UBS Group set a $30.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research note on Thursday. Finally, TheStreet lowered shares of Campbell Soup from a “b-” rating to a “c” rating in a research note on Friday, May 18th. Eleven investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.47.

Shares of CPB stock opened at $40.68 on Friday. Campbell Soup has a 52 week low of $32.63 and a 52 week high of $52.71. The company has a market capitalization of $12.39 billion, a PE ratio of 13.12, a P/E/G ratio of 2.64 and a beta of 0.28. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.68 and a quick ratio of 0.37.

The business also recently declared a quarterly dividend, which was paid on Monday, July 30th. Stockholders of record on Friday, July 13th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, July 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.44%. 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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