Teacher Retirement System of Texas Takes Position in Campbell Soup (CPB)

Teacher Retirement System of Texas acquired a new stake in Campbell Soup (NYSE:CPB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 52,924 shares of the company’s stock, valued at approximately $2,546,000.

Several other hedge funds have also made changes to their positions in the company. Advisor Partners LLC raised its stake in shares of Campbell Soup by 22.8% in the 4th quarter. Advisor Partners LLC now owns 5,779 shares of the company’s stock valued at $274,000 after buying an additional 1,074 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Campbell Soup by 1.2% in the 3rd quarter. Retirement Systems of Alabama now owns 94,101 shares of the company’s stock valued at $4,406,000 after buying an additional 1,125 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Campbell Soup by 6.7% in the 3rd quarter. Stifel Financial Corp now owns 17,993 shares of the company’s stock valued at $839,000 after buying an additional 1,133 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Campbell Soup by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 33,105 shares of the company’s stock valued at $1,550,000 after buying an additional 1,173 shares in the last quarter. Finally, First Personal Financial Services raised its stake in shares of Campbell Soup by 44.0% in the 4th quarter. First Personal Financial Services now owns 3,856 shares of the company’s stock valued at $186,000 after buying an additional 1,179 shares in the last quarter. Institutional investors own 49.17% of the company’s stock.

In other Campbell Soup news, Director Randall W. Larrimore sold 2,242 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $48.69, for a total transaction of $109,162.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Carlos Barroso sold 4,300 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $48.86, for a total transaction of $210,098.00. Following the sale, the senior vice president now directly owns 29,119 shares in the company, valued at approximately $1,422,754.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,284 shares of company stock worth $741,399. Insiders own 37.20% of the company’s stock.

Shares of Campbell Soup (NYSE CPB) opened at $46.08 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 1.15. Campbell Soup has a fifty-two week low of $43.50 and a fifty-two week high of $59.94. The firm has a market cap of $13,850.00, a PE ratio of 15.01, a PEG ratio of 3.60 and a beta of 0.32.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Friday, February 16th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Campbell Soup had a net margin of 13.41% and a return on equity of 54.10%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up .4% on a year-over-year basis. research analysts expect that Campbell Soup will post 2.97 earnings per share for the current year.

Campbell Soup announced that its Board of Directors has approved a share repurchase program on Monday, December 18th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have recently issued reports on CPB. Royal Bank of Canada dropped their price objective on shares of Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, November 20th. Citigroup restated a “neutral” rating and issued a $54.00 price objective (up previously from $50.00) on shares of Campbell Soup in a research note on Wednesday, December 20th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $50.00 target price on shares of Campbell Soup in a report on Friday, December 15th. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Wolfe Research started coverage on shares of Campbell Soup in a report on Friday, January 26th. They issued a “market perform” rating on the stock. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $49.92.

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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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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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