Lucus Advisors LLC acquired a new position in Campbell Soup Co. (NYSE:CPB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,458 shares of the company’s stock, valued at approximately $363,000. Campbell Soup accounts for about 0.3% of Lucus Advisors LLC’s holdings, making the stock its 8th largest position.
Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Campbell Soup by 5.2% in the first quarter. State Street Corp now owns 8,331,473 shares of the company’s stock worth $531,469,000 after buying an additional 412,677 shares during the last quarter. Bank of Montreal Can acquired a new stake in Campbell Soup during the second quarter worth $24,817,000. American Century Companies Inc. raised its stake in Campbell Soup by 773.9% in the second quarter. American Century Companies Inc. now owns 393,259 shares of the company’s stock worth $26,164,000 after buying an additional 348,260 shares during the last quarter. First Quadrant L P CA raised its stake in Campbell Soup by 178,458.9% in the second quarter. First Quadrant L P CA now owns 299,979 shares of the company’s stock worth $19,958,000 after buying an additional 299,811 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Campbell Soup by 85.9% in the first quarter. Canada Pension Plan Investment Board now owns 543,043 shares of the company’s stock worth $34,641,000 after buying an additional 251,000 shares during the last quarter. Institutional investors and hedge funds own 43.99% of the company’s stock.
Campbell Soup Co. (NYSE:CPB) traded up 0.05% on Tuesday, reaching $54.61. 1,464,513 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $58.44 and its 200 day moving average price is $62.05. Campbell Soup Co. has a 12 month low of $47.77 and a 12 month high of $67.89. The company has a market cap of $16.81 billion, a PE ratio of 30.17 and a beta of 0.31.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Thursday, September 1st. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Campbell Soup had a return on equity of 59.50% and a net margin of 7.07%. The company’s revenue was down .4% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. On average, equities analysts expect that Campbell Soup Co. will post $3.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, October 12th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, October 7th. This is an increase from Campbell Soup’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a dividend yield of 2.56%. Campbell Soup’s dividend payout ratio (DPR) is 69.44%.
A number of research firms have weighed in on CPB. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Monday. Argus lowered shares of Campbell Soup from a “buy” rating to a “hold” rating and boosted their target price for the stock from $47.77 to $55.38 in a report on Monday, September 19th. Credit Agricole SA reduced their target price on shares of Campbell Soup from $64.00 to $59.00 and set a “market perform” rating on the stock in a report on Monday, September 12th. Wells Fargo & Co. set a $59.50 target price on shares of Campbell Soup and gave the stock a “hold” rating in a report on Sunday, September 4th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $58.00 target price (down from $62.00) on shares of Campbell Soup in a report on Sunday, September 4th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $59.83.
In other news, VP William J. O’shea sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $57.74, for a total value of $750,620.00. Following the transaction, the vice president now owns 28,952 shares in the company, valued at $1,671,688.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff Dunn sold 8,459 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $56.24, for a total transaction of $475,734.16. Following the completion of the transaction, the insider now owns 112,775 shares in the company, valued at approximately $6,342,466. The disclosure for this sale can be found here. Company insiders own 37.70% of the company’s stock.
Campbell Soup Company Profile
Campbell Soup Company manufactures and markets food products. The Company’s segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces.
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