Nationwide Fund Advisors Has $7.39 Million Holdings in Campbell Soup Company (CPB)
Nationwide Fund Advisors raised its stake in Campbell Soup Company (NYSE:CPB) by 191.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,856 shares of the company’s stock after purchasing an additional 103,734 shares during the quarter. Nationwide Fund Advisors owned approximately 0.05% of Campbell Soup worth $7,391,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of CPB. CAPROCK Group Inc. bought a new position in shares of Campbell Soup during the 3rd quarter worth approximately $288,000. Strs Ohio boosted its stake in shares of Campbell Soup by 7.4% during the 3rd quarter. Strs Ohio now owns 25,233 shares of the company’s stock worth $1,181,000 after acquiring an additional 1,747 shares during the period. APG Asset Management N.V. boosted its stake in shares of Campbell Soup by 50.7% during the 3rd quarter. APG Asset Management N.V. now owns 3,545,569 shares of the company’s stock worth $166,004,000 after acquiring an additional 1,192,900 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Campbell Soup during the 3rd quarter worth approximately $175,000. Finally, Viking Fund Management LLC boosted its stake in shares of Campbell Soup by 11.8% during the 3rd quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock worth $890,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 46.33% of the company’s stock.
Several research analysts have recently commented on CPB shares. Piper Jaffray Companies reiterated a “neutral” rating and set a $50.00 target price (down from $56.00) on shares of Campbell Soup in a research note on Monday, September 11th. UBS reduced their target price on Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a research note on Thursday, November 9th. Royal Bank Of Canada reduced their target price on Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, November 20th. Morgan Stanley reduced their target price on Campbell Soup from $47.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, October 13th. Finally, Zacks Investment Research downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research note on Monday, September 4th. Seven investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Campbell Soup currently has an average rating of “Hold” and an average price target of $49.91.
Shares of Campbell Soup Company (CPB) opened at $48.95 on Monday. The firm has a market capitalization of $14,714.71, a P/E ratio of 16.65, a P/E/G ratio of 3.72 and a beta of 0.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.42 and a current ratio of 0.77. Campbell Soup Company has a fifty-two week low of $44.99 and a fifty-two week high of $64.23.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. analysts predict that Campbell Soup Company will post 2.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 annualized dividend and a yield of 2.86%. Campbell Soup’s payout ratio is currently 48.95%.
In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction on Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luca Mignini acquired 4,300 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was bought at an average cost of $46.47 per share, with a total value of $199,821.00. Following the completion of the acquisition, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The disclosure for this purchase can be found here. Company insiders own 37.20% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was published by Daily Political and is the property of of Daily Political. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/12/11/nationwide-fund-advisors-has-7-39-million-holdings-in-campbell-soup-company-cpb.html.
Campbell Soup 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.
Receive News & Ratings for Campbell Soup Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Company and related companies with MarketBeat.com's FREE daily email newsletter.