Nomura Holdings Inc. raised its stake in shares of Campbell Soup Company (NYSE:CPB) by 129.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,424 shares of the company’s stock after purchasing an additional 10,392 shares during the quarter. Nomura Holdings Inc.’s holdings in Campbell Soup were worth $961,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Campbell Soup by 2,522.6% in the first quarter. BlackRock Inc. now owns 14,676,936 shares of the company’s stock worth $840,105,000 after acquiring an additional 14,117,312 shares during the period. Vanguard Group Inc. increased its stake in shares of Campbell Soup by 1.2% in the second quarter. Vanguard Group Inc. now owns 13,103,256 shares of the company’s stock worth $683,334,000 after acquiring an additional 160,180 shares during the period. State Street Corp grew its position in Campbell Soup by 0.9% during the second quarter. State Street Corp now owns 8,750,268 shares of the company’s stock valued at $456,326,000 after buying an additional 82,280 shares during the period. Schroder Investment Management Group grew its position in Campbell Soup by 6.2% during the second quarter. Schroder Investment Management Group now owns 3,097,618 shares of the company’s stock valued at $161,045,000 after buying an additional 180,429 shares during the period. Finally, Renaissance Technologies LLC grew its position in Campbell Soup by 585.4% during the second quarter. Renaissance Technologies LLC now owns 2,494,700 shares of the company’s stock valued at $130,099,000 after buying an additional 2,130,700 shares during the period. Institutional investors and hedge funds own 44.67% of the company’s stock.
In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of the company’s 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 SEC, which is available through the SEC website. Also, insider Luca Mignini acquired 4,300 shares of Campbell Soup stock in a transaction on Wednesday, September 27th. The stock was acquired at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the purchase, the insider now owns 88,178 shares of the company’s stock, valued at approximately $4,097,631.66. The disclosure for this purchase can be found here. Insiders own 37.20% of the company’s stock.
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Shares of Campbell Soup Company (NYSE:CPB) traded down 0.23% during mid-day trading on Friday, hitting $47.41. 224,639 shares of the stock traded hands. The stock has a 50-day moving average of $46.66 and a 200 day moving average of $52.56. The stock has a market cap of $14.25 billion, a PE ratio of 16.40 and a beta of 0.36. Campbell Soup Company has a one year low of $45.00 and a one year high of $64.23.
Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Equities analysts predict that Campbell Soup Company will post $3.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, October 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, October 12th. Campbell Soup’s dividend payout ratio is presently 48.44%.
CPB has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada set a $60.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a report on Tuesday, July 18th. Deutsche Bank AG reissued a “hold” rating and issued a $51.00 price target (down from $58.00) on shares of Campbell Soup in a research note on Friday, September 1st. Goldman Sachs Group, Inc. (The) decreased their price target on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Sunday, September 3rd. Finally, Piper Jaffray Companies set a $50.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.91.
About Campbell Soup
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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