Campbell Soup (CPB) Holdings Reduced by United Services Automobile Association

United Services Automobile Association reduced its position in Campbell Soup (NYSE:CPB) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,483 shares of the company’s stock after selling 3,670 shares during the quarter. United Services Automobile Association’s holdings in Campbell Soup were worth $7,637,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CPB. Third Point LLC increased its holdings in Campbell Soup by 224.3% in the 3rd quarter. Third Point LLC now owns 18,000,000 shares of the company’s stock valued at $659,340,000 after buying an additional 12,450,000 shares during the period. Alps Advisors Inc. bought a new position in Campbell Soup in the 4th quarter valued at about $33,027,000. York Capital Management Global Advisors LLC bought a new position in Campbell Soup in the 3rd quarter valued at about $28,454,000. Bank of New York Mellon Corp increased its holdings in Campbell Soup by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 6,723,599 shares of the company’s stock valued at $221,812,000 after buying an additional 446,435 shares during the period. Finally, BlackRock Inc. increased its holdings in Campbell Soup by 3.1% in the 4th quarter. BlackRock Inc. now owns 14,816,506 shares of the company’s stock valued at $488,794,000 after buying an additional 440,312 shares during the period. 51.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Campbell Soup stock opened at $36.01 on Friday. The company has a market cap of $10.84 billion, a P/E ratio of 12.55, a P/E/G ratio of 2.36 and a beta of 0.42. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.37 and a current ratio of 0.70. Campbell Soup has a 1 year low of $32.03 and a 1 year high of $44.47.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Wednesday, February 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. Campbell Soup had a negative net margin of 1.68% and a positive return on equity of 55.51%. The firm’s revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. Equities research analysts forecast that Campbell Soup will post 2.48 EPS for the current year.

CPB has been the topic of several recent analyst reports. ValuEngine raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Credit Suisse Group set a $33.00 target price on shares of Campbell Soup and gave the company a “sell” rating in a report on Tuesday, November 20th. Deutsche Bank set a $40.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a report on Wednesday, November 21st. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Finally, Piper Jaffray Companies set a $37.00 target price on shares of Campbell Soup and gave the company a “sell” rating in a 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 issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.08.

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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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