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.

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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.

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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