CIBC Asset Management Inc boosted its position in shares of Campbell Soup Company (NYSE:CPB) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 31,932 shares of the company’s stock after buying an additional 39 shares during the period. CIBC Asset Management Inc’s holdings in Campbell Soup were worth $1,665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPB. KCG Holdings Inc. raised its position in shares of Campbell Soup by 167.8% in the first quarter. KCG Holdings Inc. now owns 16,291 shares of the company’s stock worth $932,000 after buying an additional 10,208 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of Campbell Soup by 21.5% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 52,038 shares of the company’s stock worth $2,979,000 after buying an additional 9,199 shares during the last quarter. Vicus Capital raised its position in shares of Campbell Soup by 6.1% in the first quarter. Vicus Capital now owns 3,686 shares of the company’s stock worth $211,000 after buying an additional 213 shares during the last quarter. Investment Centers of America Inc. raised its position in shares of Campbell Soup by 20.7% in the first quarter. Investment Centers of America Inc. now owns 5,155 shares of the company’s stock worth $295,000 after buying an additional 883 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its position in shares of Campbell Soup by 41.0% in the first quarter. Pinnacle Associates Ltd. now owns 10,652 shares of the company’s stock worth $610,000 after buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 43.84% of the company’s stock.

Shares of Campbell Soup Company (NYSE:CPB) opened at 53.21 on Thursday. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 33.59 and a beta of 0.34. The stock has a 50 day moving average price of $52.45 and a 200-day moving average price of $57.06. Campbell Soup Company has a 52 week low of $50.62 and a 52 week high of $64.23.

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

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

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CPB has been the subject of a number of recent research reports. J P Morgan Chase & Co restated a “neutral” rating and issued a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research note on Wednesday, June 28th. Credit Suisse Group set a $50.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research note on Friday, July 7th. BidaskClub lowered Campbell Soup from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada set a $60.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Finally, Morgan Stanley dropped their price objective on Campbell Soup from $55.00 to $52.00 and set an “underweight” rating for the company in a research note on Tuesday, July 18th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus 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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