New Jersey Better Educational Savings Trust maintained its position in shares of Campbell Soup Company (NYSE:CPB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,000 shares of the company’s stock at the end of the second quarter. New Jersey Better Educational Savings Trust’s holdings in Campbell Soup were worth $417,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CPB. KCG Holdings Inc. boosted 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 period. DUPONT CAPITAL MANAGEMENT Corp boosted 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 period. Vicus Capital boosted 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 period. Investment Centers of America Inc. boosted 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 period. Finally, Pinnacle Associates Ltd. boosted 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 period. Hedge funds and other institutional investors own 43.84% of the company’s stock.

Campbell Soup Company (CPB) opened at 53.25 on Friday. Campbell Soup Company has a 12-month low of $50.62 and a 12-month high of $64.23. The stock has a market cap of $16.14 billion, a PE ratio of 33.62 and a beta of 0.34. The company’s 50-day moving average price is $52.42 and its 200-day moving average price is $57.04.

Campbell Soup (NYSE:CPB) last issued 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. Campbell Soup had a return on equity of 59.83% and a net margin of 6.17%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, equities analysts expect that Campbell Soup Company will post $3.05 EPS for the current fiscal year.

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

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