California Public Employees Retirement System grew its stake in shares of Campbell Soup (NYSE:CPB) by 33.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 557,799 shares of the company’s stock after buying an additional 139,366 shares during the period. California Public Employees Retirement System’s holdings in Campbell Soup were worth $26,836,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in CPB. Bessemer Group Inc. increased its position in Campbell Soup by 80,239.5% during the third quarter. Bessemer Group Inc. now owns 3,445,763 shares of the company’s stock worth $161,331,000 after buying an additional 3,441,474 shares in the last quarter. Beutel Goodman & Co Ltd. purchased a new position in Campbell Soup during the fourth quarter worth $103,733,000. LSV Asset Management increased its position in Campbell Soup by 215.7% during the fourth quarter. LSV Asset Management now owns 3,095,193 shares of the company’s stock worth $148,909,000 after buying an additional 2,114,693 shares in the last quarter. APG Asset Management N.V. increased its position in Campbell Soup by 50.7% during the third quarter. APG Asset Management N.V. now owns 3,545,569 shares of the company’s stock worth $166,004,000 after buying an additional 1,192,900 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Campbell Soup by 16.0% during the third quarter. Bank of New York Mellon Corp now owns 6,493,192 shares of the company’s stock worth $304,011,000 after buying an additional 897,314 shares in the last quarter. 47.79% of the stock is owned by institutional investors.
In other news, SVP Carlos Barroso sold 4,300 shares of Campbell Soup stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $48.86, for a total value of $210,098.00. Following the completion of the sale, the senior vice president now owns 29,119 shares of the company’s stock, valued at $1,422,754.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Randall W. Larrimore sold 2,242 shares of Campbell Soup stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.69, for a total value of $109,162.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,284 shares of company stock valued at $741,399. Company insiders own 37.20% of the company’s stock.
Shares of Campbell Soup (NYSE:CPB) opened at $46.17 on Monday. The company has a market capitalization of $13,880.00, a price-to-earnings ratio of 15.04, a PEG ratio of 3.63 and a beta of 0.32. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39. Campbell Soup has a 1 year low of $43.50 and a 1 year high of $60.49.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, February 16th. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.19. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.16 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. analysts expect that Campbell Soup will post 2.97 EPS for the current year.
Campbell Soup announced that its board has initiated a share buyback plan on Monday, December 18th that permits the company to buyback shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
CPB has been the subject of several recent research reports. UBS Group dropped their price target 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. Citigroup reissued a “neutral” rating and set a $54.00 price target (up previously from $50.00) on shares of Campbell Soup in a research report on Wednesday, December 20th. Royal Bank of Canada dropped their price target on Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating for the company in a research report on Monday, November 20th. Piper Jaffray Companies set a $49.00 price target on Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Finally, Credit Suisse Group set a $41.00 price target on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.08.
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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.
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