State of Alaska Department of Revenue Sells 11,261 Shares of Campbell Soup Company (CPB)
State of Alaska Department of Revenue reduced its position in shares of Campbell Soup Company (NYSE:CPB) by 26.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,835 shares of the company’s stock after selling 11,261 shares during the period. State of Alaska Department of Revenue’s holdings in Campbell Soup Company were worth $1,659,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Campbell Soup Company by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 784,188 shares of the company’s stock worth $47,423,000 after buying an additional 23,340 shares during the last quarter. FMR LLC boosted its position in Campbell Soup Company by 2.6% in the fourth quarter. FMR LLC now owns 729,406 shares of the company’s stock worth $44,106,000 after buying an additional 18,528 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Campbell Soup Company by 5.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,722 shares of the company’s stock worth $405,000 after buying an additional 376 shares during the last quarter. Tudor Investment Corp Et Al bought a new position in Campbell Soup Company during the fourth quarter worth approximately $212,000. Finally, Quadrature Capital Ltd bought a new position in Campbell Soup Company during the fourth quarter worth approximately $1,090,000. 43.90% of the stock is currently owned by institutional investors.
Shares of Campbell Soup Company (CPB) opened at 51.73 on Friday. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 32.66 and a beta of 0.34. The company’s 50 day moving average is $56.39 and its 200-day moving average is $58.74. Campbell Soup Company has a 1-year low of $51.48 and a 1-year high of $67.89.
Campbell Soup Company (NYSE:CPB) last released its quarterly earnings data on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.05. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. Campbell Soup Company had a net margin of 6.17% and a return on equity of 59.83%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities analysts anticipate that Campbell Soup Company will post $3.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 13th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, July 11th. Campbell Soup Company’s dividend payout ratio is currently 88.05%.
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CPB has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut shares of Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 target price on the stock. in a research report on Tuesday, March 21st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $58.00 target price (down previously from $62.50) on shares of Campbell Soup Company in a research report on Tuesday, May 23rd. Credit Suisse Group reaffirmed a “sell” rating on shares of Campbell Soup Company in a research report on Wednesday, May 24th. Piper Jaffray Companies initiated coverage on shares of Campbell Soup Company in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 target price on the stock. Finally, BidaskClub cut shares of Campbell Soup Company from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.88.
Campbell Soup Company 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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