Trexquant Investment LP Buys New Stake in Campbell Soup Company (NYSE:CPB)
Trexquant Investment LP bought a new stake in Campbell Soup Company (NYSE:CPB) during the second quarter, Holdings Channel reports. The firm bought 14,700 shares of the company’s stock, valued at approximately $767,000.
A number of other institutional investors have also recently bought and sold shares of CPB. IFP Advisors Inc raised its position in 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. Johnson Financial Group Inc. raised its position in Campbell Soup by 19.2% in the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after buying an additional 408 shares during the last quarter. Mercer Capital Advisers Inc. raised its position in Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares during the last quarter. Van ECK Associates Corp raised its position in Campbell Soup by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after buying an additional 204 shares during the last quarter. Finally, Whittier Trust Co. raised its position in 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. 43.84% of the stock is currently owned by hedge funds and other institutional investors.
Campbell Soup Company (CPB) opened at 53.25 on Friday. Campbell Soup Company has a 1-year low of $50.62 and a 1-year high of $64.23. The stock has a market cap of $16.14 billion, a P/E 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 announced its quarterly earnings data on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.87 billion. Campbell Soup had a net margin of 6.17% and a return on equity of 59.83%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Analysts predict that Campbell Soup Company will post $3.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 13th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, July 11th. Campbell Soup’s dividend payout ratio is currently 88.05%.
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Several equities analysts recently issued reports on the company. Piper Jaffray Companies assumed coverage on Campbell Soup in a research note on Wednesday, May 24th. They set a “neutral” rating and a $59.00 target price on the stock. Wells Fargo & Company restated a “market perform” rating and set a $58.00 price target (down previously from $62.50) on shares of Campbell Soup in a report on Tuesday, May 23rd. Barclays PLC restated a “sell” rating on shares of Campbell Soup in a report on Tuesday, July 25th. Royal Bank Of Canada set a $60.00 price target on Campbell Soup and gave the stock a “hold” rating in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $55.00 price target (down previously from $60.00) on shares of Campbell Soup in a report on Wednesday, June 28th. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. Campbell Soup currently has a consensus rating of “Hold” and a consensus 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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