SG Americas Securities LLC grew its holdings in Campbell Soup Company (NYSE:CPB) by 97.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,282 shares of the company’s stock after purchasing an additional 56,496 shares during the period. SG Americas Securities LLC’s holdings in Campbell Soup were worth $5,351,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Motco grew its stake in Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after acquiring an additional 1,600 shares in the last quarter. First Personal Financial Services grew its stake in Campbell Soup by 180.9% in the 3rd quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock worth $125,000 after buying an additional 1,724 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Campbell Soup in the 3rd quarter worth approximately $175,000. Mercer Capital Advisers Inc. grew its stake in Campbell Soup by 13.6% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock worth $176,000 after buying an additional 405 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Campbell Soup by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock worth $195,000 after buying an additional 213 shares in the last quarter. 46.33% of the stock is owned by institutional investors.
A number of equities analysts have commented on the stock. Royal Bank Of Canada cut their price target on shares of Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday, September 1st. Piper Jaffray Companies reissued a “neutral” rating and issued a $50.00 price target (down previously from $56.00) on shares of Campbell Soup in a research note on Monday, September 11th. Deutsche Bank reissued a “hold” rating and issued a $51.00 price target (down previously from $58.00) on shares of Campbell Soup in a research note on Friday, September 1st. Credit Suisse Group restated a “sell” rating and issued a $43.00 price objective (down from $47.00) on shares of Campbell Soup in a report on Friday, September 1st. Finally, Morgan Stanley lowered their price objective on shares of Campbell Soup from $47.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, October 13th. Seven investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Campbell Soup has a consensus rating of “Hold” and a consensus price target of $49.91.
Campbell Soup Company (CPB) traded up $1.10 during trading hours on Monday, reaching $50.32. 3,456,720 shares of the company were exchanged, compared to its average volume of 2,005,990. Campbell Soup Company has a 52 week low of $44.99 and a 52 week high of $64.23. The company has a quick ratio of 0.42, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The company has a market cap of $15,120.00, a price-to-earnings ratio of 16.74, a P/E/G ratio of 3.74 and a beta of 0.40.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. research analysts predict that Campbell Soup Company will post 2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 annualized dividend and a yield of 2.78%. Campbell Soup’s dividend payout ratio (DPR) is presently 48.95%.
In related news, insider Luca Mignini acquired 4,300 shares of the firm’s 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 acquisition, the insider now owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by corporate insiders.
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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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