Baker Ellis Asset Management LLC decreased its stake in shares of Campbell Soup Company (NYSE:CPB) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,082 shares of the company’s stock after selling 200 shares during the period. Baker Ellis Asset Management LLC’s holdings in Campbell Soup were worth $369,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Cleararc Capital Inc. increased its stake in shares of Campbell Soup by 0.3% in the first quarter. Cleararc Capital Inc. now owns 4,745 shares of the company’s stock valued at $272,000 after buying an additional 16 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Campbell Soup by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock valued at $142,000 after buying an additional 55 shares during the last quarter. ARGI Investment Services LLC increased its stake in shares of Campbell Soup by 0.5% in the first quarter. ARGI Investment Services LLC now owns 13,537 shares of the company’s stock valued at $775,000 after buying an additional 64 shares during the last quarter. Conning Inc. increased its stake in shares of Campbell Soup by 1.5% in the first quarter. Conning Inc. now owns 5,287 shares of the company’s stock valued at $303,000 after buying an additional 80 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Campbell Soup by 2.8% in the first quarter. Whittier Trust Co. now owns 3,469 shares of the company’s stock valued at $198,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 43.84% of the company’s stock.

Campbell Soup Company (NYSE CPB) opened at 53.24 on Tuesday. Campbell Soup Company has a 52 week low of $50.62 and a 52 week high of $64.23. The stock has a market capitalization of $16.14 billion, a PE ratio of 33.61 and a beta of 0.34. The firm has a 50 day moving average of $52.93 and a 200-day moving average of $57.39.

Campbell Soup (NYSE:CPB) last issued its earnings results on Friday, May 19th. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.05. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. Campbell Soup had a net margin of 6.17% and a return on equity of 59.83%. Campbell Soup’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities analysts predict that Campbell Soup Company will post $3.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 13th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, July 11th. Campbell Soup’s dividend payout ratio (DPR) is 88.05%.

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Several brokerages have recently commented on CPB. Barclays PLC restated a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Wells Fargo & Company reiterated a “market perform” rating and issued a $58.00 price target (down from $62.50) on shares of Campbell Soup in a report on Tuesday, May 23rd. Piper Jaffray Companies assumed coverage on shares of Campbell Soup in a report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 price target on the stock. Finally, Credit Suisse Group reiterated a “sell” rating on shares of Campbell Soup in a report on Wednesday, May 24th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $57.24.

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

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