Public Employees Retirement Association of Colorado decreased its stake in shares of Campbell Soup Company (NYSE:CPB) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,292 shares of the company’s stock after selling 286 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Campbell Soup were worth $1,945,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Shell Asset Management Co. raised its stake in Campbell Soup by 3.0% in the second quarter. Shell Asset Management Co. now owns 36,419 shares of the company’s stock valued at $1,899,000 after buying an additional 1,045 shares in the last quarter. Hartford Investment Management Co. raised its stake in Campbell Soup by 3.8% in the second quarter. Hartford Investment Management Co. now owns 78,130 shares of the company’s stock valued at $4,074,000 after buying an additional 2,881 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Campbell Soup during the second quarter valued at about $245,000. Berkshire Asset Management LLC PA raised its stake in Campbell Soup by 73.0% in the second quarter. Berkshire Asset Management LLC PA now owns 8,286 shares of the company’s stock valued at $432,000 after buying an additional 3,496 shares in the last quarter. Finally, PGGM Investments raised its stake in Campbell Soup by 334.4% in the second quarter. PGGM Investments now owns 664,094 shares of the company’s stock valued at $34,633,000 after buying an additional 511,228 shares in the last quarter. 43.84% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Company (NYSE:CPB) opened at 53.25 on Friday. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 33.62 and a beta of 0.34. The stock’s 50 day moving average price is $52.42 and its 200-day moving average price is $57.04. Campbell Soup Company has a one year low of $50.62 and a one year high of $64.23.

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

The firm also recently disclosed 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 annualized dividend and a yield of 2.63%. Campbell Soup’s payout ratio is 88.05%.

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Several equities research analysts recently issued reports on the company. Barclays PLC reissued a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Credit Suisse Group set a $47.00 price target on Campbell Soup and gave the company a “sell” rating in a research report on Sunday, July 23rd. Zacks Investment Research lowered Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $60.00 price target on Campbell Soup and gave the company a “hold” rating in a research report on Tuesday, July 18th. Finally, Morgan Stanley dropped their price target on Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company presently 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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