United Fire Group Inc. held its position in shares of Campbell Soup Company (NYSE:CPB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in Campbell Soup were worth $522,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. KCG Holdings Inc. increased 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 valued at $932,000 after buying an additional 10,208 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased 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 valued at $2,979,000 after buying an additional 9,199 shares during the last quarter. Vicus Capital increased 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 valued at $211,000 after buying an additional 213 shares during the last quarter. Investment Centers of America Inc. increased 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 valued at $295,000 after buying an additional 883 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased 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 valued at $610,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 43.84% of the company’s stock.

Campbell Soup Company (NYSE:CPB) opened at 53.25 on Friday. The stock has a market capitalization of $16.14 billion, a PE 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 52-week low of $50.62 and a 52-week high of $64.23.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 2.63%. Campbell Soup’s dividend payout ratio is currently 88.05%.

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Several research firms recently commented on CPB. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $55.00 price objective (down from $60.00) on shares of Campbell Soup in a report 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 report on Friday, July 7th. BidaskClub downgraded 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 price objective on Campbell Soup and gave the stock a “hold” rating in a report on Tuesday, July 18th. Finally, Morgan Stanley reduced their price objective 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 issued a buy rating to the stock. The stock 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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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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