Schulhoff & Co. Inc. continued to hold its stake in Campbell Soup Co. (NYSE:CPB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,420 shares of the company’s stock at the end of the second quarter. Schulhoff & Co. Inc.’s holdings in Campbell Soup were worth $560,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of CPB. Robeco Institutional Asset Management B.V. boosted its stake in shares of Campbell Soup by 11.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,412 shares of the company’s stock worth $70,820,000 after buying an additional 107,486 shares during the period. Geode Capital Management LLC boosted its stake in shares of Campbell Soup by 5.6% in the first quarter. Geode Capital Management LLC now owns 1,835,032 shares of the company’s stock worth $116,867,000 after buying an additional 97,930 shares during the period. Boston Advisors LLC boosted its stake in shares of Campbell Soup by 4,278.1% in the second quarter. Boston Advisors LLC now owns 212,340 shares of the company’s stock worth $14,127,000 after buying an additional 207,490 shares during the period. AMP Capital Investors Ltd boosted its stake in shares of Campbell Soup by 55.5% in the first quarter. AMP Capital Investors Ltd now owns 141,450 shares of the company’s stock worth $9,076,000 after buying an additional 50,500 shares during the period. Finally, National Pension Service boosted its stake in shares of Campbell Soup by 4.7% in the first quarter. National Pension Service now owns 133,348 shares of the company’s stock worth $8,506,000 after buying an additional 5,990 shares during the period. 44.17% of the stock is currently owned by hedge funds and other institutional investors.
Campbell Soup Co. (NYSE:CPB) traded up 1.36% during trading on Tuesday, hitting $54.41. 2,846,298 shares of the stock traded hands. The firm’s 50-day moving average is $55.59 and its 200 day moving average is $61.02. Campbell Soup Co. has a 52 week low of $47.77 and a 52 week high of $67.89. The stock has a market cap of $16.75 billion, a P/E ratio of 30.06 and a beta of 0.38.
Campbell Soup (NYSE:CPB) last released its earnings results on Thursday, September 1st. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The firm earned $1.69 billion during the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a net margin of 7.07% and a return on equity of 59.50%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Equities research analysts forecast that Campbell Soup Co. will post $3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, October 12th will be paid a $0.35 dividend. This is a boost from Campbell Soup’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, October 7th. This represents a $1.40 annualized dividend and a yield of 2.57%. Campbell Soup’s payout ratio is presently 77.78%.
A number of brokerages have weighed in on CPB. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $68.00 target price (up from $62.00) on shares of Campbell Soup in a report on Friday, July 15th. Zacks Investment Research cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Credit Suisse Group AG reissued a “sell” rating and set a $60.00 target price on shares of Campbell Soup in a report on Thursday, July 28th. Deutsche Bank AG dropped their target price on shares of Campbell Soup from $63.00 to $61.00 and set a “hold” rating on the stock in a report on Friday, August 26th. Finally, TheStreet cut shares of Campbell Soup from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $59.83.
In other news, insider Jeff Dunn sold 8,459 shares of the company’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 sale, the insider now owns 112,775 shares in the company, valued at approximately $6,342,466. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward Carolan sold 2,400 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $54.35, for a total value of $130,440.00. Following the sale, the insider now owns 49,038 shares in the company, valued at approximately $2,665,215.30. The disclosure for this sale can be found here. 37.30% of the stock is owned by company insiders.
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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