National Planning Corp increased its stake in Campbell Soup Company (NYSE:CPB) by 20.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,174 shares of the company’s stock after buying an additional 3,383 shares during the period. National Planning Corp’s holdings in Campbell Soup were worth $1,053,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cleararc Capital Inc. raised its position 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 in the last quarter. IFP Advisors Inc raised its position 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 in the last quarter. ARGI Investment Services LLC raised its position 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 in the last quarter. Conning Inc. raised its position 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 in the last quarter. Finally, Whittier Trust Co. raised its position 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 in the last quarter. 43.84% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Company (CPB) opened at 53.25 on Friday. The stock has a 50 day moving average price of $52.42 and a 200 day moving average price of $57.04. Campbell Soup Company has a 52-week low of $50.62 and a 52-week high of $64.23. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 33.62 and a beta of 0.34.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 13th were issued a dividend of $0.35 per share. The ex-dividend date 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 is currently 88.05%.

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

About Campbell Soup

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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