Robecosam AG Has $4.58 Million Stake in Campbell Soup Company (CPB)
Robecosam AG lifted its position in Campbell Soup Company (NYSE:CPB) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,084 shares of the company’s stock after acquiring an additional 6,090 shares during the period. Robecosam AG’s holdings in Campbell Soup were worth $4,579,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in shares of Campbell Soup by 2.7% in the second quarter. Sterling Capital Management LLC now owns 29,552 shares of the company’s stock worth $1,541,000 after acquiring an additional 790 shares in the last quarter. Nomura Holdings Inc. increased its position in shares of Campbell Soup by 129.4% in the second quarter. Nomura Holdings Inc. now owns 18,424 shares of the company’s stock worth $961,000 after acquiring an additional 10,392 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Campbell Soup by 51.7% in the second quarter. Bank of Nova Scotia now owns 67,038 shares of the company’s stock worth $3,496,000 after acquiring an additional 22,848 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Campbell Soup by 19.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 151,400 shares of the company’s stock worth $7,896,000 after acquiring an additional 24,600 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in shares of Campbell Soup by 1.2% in the second quarter. Moors & Cabot Inc. now owns 12,250 shares of the company’s stock worth $640,000 after acquiring an additional 150 shares in the last quarter. 44.67% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on CPB shares. BidaskClub downgraded shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th. Credit Suisse Group set a $50.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Friday, July 7th. Morgan Stanley dropped their target price on shares of Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Seven research analysts have rated the stock with a sell rating, seven have assigned 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 $50.91.
In other news, insider Luca Mignini bought 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was acquired at an average cost of $46.47 per share, with a total value of $199,821.00. Following the completion of the purchase, the insider now owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. 37.30% of the stock is currently owned by company insiders.
Shares of Campbell Soup Company (NYSE CPB) traded up 0.728% on Friday, reaching $46.325. 642,111 shares of the company were exchanged. The stock has a 50 day moving average price of $47.40 and a 200-day moving average price of $53.30. Campbell Soup Company has a 12 month low of $45.00 and a 12 month high of $64.23. The stock has a market capitalization of $13.92 billion, a P/E ratio of 16.029 and a beta of 0.36.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.03). Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the business earned $0.46 earnings per share. Campbell Soup’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts expect that Campbell Soup Company will post $3.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be paid a $0.35 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.04%. Campbell Soup’s dividend payout ratio is presently 48.44%.
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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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