Aviva PLC Has $2.19 Million Stake in Campbell Soup (CPB)

Aviva PLC decreased its stake in shares of Campbell Soup (NYSE:CPB) by 42.4% in the fourth quarter, Holdings Channel reports. The fund owned 66,459 shares of the company’s stock after selling 48,853 shares during the period. Aviva PLC’s holdings in Campbell Soup were worth $2,192,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CPB. Third Point LLC boosted its position in shares of Campbell Soup by 224.3% during the third quarter. Third Point LLC now owns 18,000,000 shares of the company’s stock worth $659,340,000 after acquiring an additional 12,450,000 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Campbell Soup during the fourth quarter worth $33,027,000. York Capital Management Global Advisors LLC bought a new position in shares of Campbell Soup during the third quarter worth $28,454,000. Bank of New York Mellon Corp boosted its position in shares of Campbell Soup by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 6,723,599 shares of the company’s stock worth $221,812,000 after acquiring an additional 446,435 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Campbell Soup by 3.1% during the fourth quarter. BlackRock Inc. now owns 14,816,506 shares of the company’s stock worth $488,794,000 after acquiring an additional 440,312 shares during the last quarter. Hedge funds and other institutional investors own 51.98% of the company’s stock.

CPB stock opened at $35.64 on Friday. Campbell Soup has a 52 week low of $32.03 and a 52 week high of $44.47. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.70 and a quick ratio of 0.37. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 2.36 and a beta of 0.42.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Wednesday, February 27th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Campbell Soup had a negative net margin of 1.68% and a positive return on equity of 55.51%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned $1.00 earnings per share. Campbell Soup’s quarterly revenue was up 24.4% compared to the same quarter last year. Research analysts anticipate that Campbell Soup will post 2.48 EPS for the current fiscal year.

A number of brokerages recently weighed in on CPB. ValuEngine upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Credit Suisse Group set a $33.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Tuesday, November 20th. Zacks Investment Research lowered shares of Campbell Soup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Piper Jaffray Companies set a $37.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Monday, November 26th. Finally, Wells Fargo & Co set a $42.00 target price on shares of Campbell Soup and gave the stock a “hold” rating in a research report on Monday, November 26th. Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.08.

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Campbell Soup Company Profile

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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