Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new stake in Campbell Soup Company (NYSE:CPB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 54,600 shares of the company’s stock, valued at approximately $2,556,000.
A number of other institutional investors have also recently bought and sold shares of CPB. Motco raised its position in shares of Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after acquiring an additional 1,600 shares during the last quarter. First Personal Financial Services raised its position in shares of Campbell Soup by 180.9% during the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock worth $125,000 after acquiring an additional 1,724 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Campbell Soup during the third quarter worth about $175,000. Victory Capital Management Inc. raised its position in shares of Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock worth $195,000 after acquiring an additional 213 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its position in shares of Campbell Soup by 6.3% during the second quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock worth $201,000 after acquiring an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 46.33% of the company’s stock.
Campbell Soup Company (NYSE CPB) traded up $1.10 during midday trading on Tuesday, reaching $50.32. The company had a trading volume of 3,456,700 shares, compared to its average volume of 2,005,990. Campbell Soup Company has a fifty-two week low of $44.99 and a fifty-two week high of $64.23. The firm has a market capitalization of $14,792.01, a PE ratio of 16.74, a P/E/G ratio of 3.74 and a beta of 0.40. The company has a quick ratio of 0.42, a current ratio of 0.77 and a debt-to-equity ratio of 1.34.
Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. sell-side analysts predict that Campbell Soup Company will post 2.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.78%. Campbell Soup’s dividend payout ratio (DPR) is presently 48.95%.
In other news, insider Luca Mignini acquired 4,300 shares of Campbell Soup stock in a transaction on Wednesday, September 27th. The stock was purchased at an average price of $46.47 per share, with a total value of $199,821.00. Following the completion of the purchase, the insider now owns 88,178 shares of the company’s stock, valued at approximately $4,097,631.66. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. Company insiders own 37.20% of the company’s stock.
A number of equities analysts have recently issued reports on CPB shares. Royal Bank Of Canada set a $56.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Goldman Sachs Group lowered their price objective on Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research report on Sunday, September 3rd. UBS lowered their price objective on Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a research report on Thursday, November 9th. Credit Suisse Group set a $41.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Finally, Morgan Stanley restated an “underweight” rating and set a $47.00 price objective (down from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.91.
TRADEMARK VIOLATION WARNING: This piece of content was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/05/54600-shares-in-campbell-soup-company-cpb-acquired-by-sompo-japan-nipponkoa-asset-management-co-ltd.html.
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.
Receive News & Ratings for Campbell Soup Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Company and related companies with MarketBeat.com's FREE daily email newsletter.