Fmr LLC Has $105.81 Million Position in Campbell Soup (CPB)

Fmr LLC decreased its position in Campbell Soup (NYSE:CPB) by 3.8% during the second quarter, HoldingsChannel reports. The firm owned 2,609,900 shares of the company’s stock after selling 102,333 shares during the quarter. Fmr LLC’s holdings in Campbell Soup were worth $105,805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA bought a new position in Campbell Soup during the 2nd quarter valued at about $175,000. City Holding Co. purchased a new stake in shares of Campbell Soup during the 2nd quarter valued at about $880,000. Andra AP fonden purchased a new stake in shares of Campbell Soup during the 2nd quarter valued at about $11,505,000. California Public Employees Retirement System increased its position in shares of Campbell Soup by 32.5% during the 2nd quarter. California Public Employees Retirement System now owns 978,716 shares of the company’s stock valued at $39,677,000 after purchasing an additional 239,800 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of Campbell Soup by 267.7% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,190,827 shares of the company’s stock valued at $48,277,000 after purchasing an additional 867,002 shares during the last quarter. Institutional investors own 54.69% of the company’s stock.

Shares of CPB opened at $38.20 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.64 and a debt-to-equity ratio of 5.83. Campbell Soup has a 1 year low of $32.63 and a 1 year high of $51.07. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 2.65 and a beta of 0.13.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Thursday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.24 billion. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. The company’s revenue was up 33.4% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. Analysts forecast that Campbell Soup will post 2.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 29th. Stockholders of record on Friday, October 12th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.66%. Campbell Soup’s dividend payout ratio is currently 48.78%.

CPB has been the subject of several analyst reports. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Credit Suisse Group reduced their target price on shares of Campbell Soup from $36.00 to $33.00 and set a “sell” rating for the company in a report on Friday, September 28th. ValuEngine raised shares of Campbell Soup from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Royal Bank of Canada increased their price objective on shares of Campbell Soup to $43.00 and gave the company a “sector perform” rating in a report on Thursday, August 23rd. Finally, 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 report on Friday, August 10th. Twelve equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Sell” and a consensus price target of $39.87.

In other news, insider Luca Mignini bought 5,494 shares of the stock in a transaction dated Tuesday, October 2nd. The stock was purchased at an average cost of $36.41 per share, for a total transaction of $200,036.54. Following the transaction, the insider now owns 112,990 shares of the company’s stock, valued at $4,113,965.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 37.20% of the stock is currently owned by corporate insiders.

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About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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

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