Tdam USA Inc. Sells 1,640 Shares of Campbell Soup (CPB)

Tdam USA Inc. lowered its stake in Campbell Soup (NYSE:CPB) by 16.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,531 shares of the company’s stock after selling 1,640 shares during the quarter. Tdam USA Inc.’s holdings in Campbell Soup were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Suntrust Banks Inc. bought a new stake in Campbell Soup during the 1st quarter valued at approximately $266,000. DnB Asset Management AS purchased a new position in Campbell Soup during the 2nd quarter valued at approximately $1,046,000. IFM Investors Pty Ltd grew its holdings in Campbell Soup by 37.9% during the 2nd quarter. IFM Investors Pty Ltd now owns 8,857 shares of the company’s stock valued at $359,000 after buying an additional 2,435 shares in the last quarter. Pennsylvania Trust Co grew its holdings in Campbell Soup by 30.6% during the 2nd quarter. Pennsylvania Trust Co now owns 12,659 shares of the company’s stock valued at $513,000 after buying an additional 2,965 shares in the last quarter. Finally, Gateway Investment Advisers LLC purchased a new position in Campbell Soup during the 2nd quarter valued at approximately $362,000. 54.69% of the stock is currently owned by hedge funds and other institutional investors.

CPB has been the subject of several research analyst reports. Gabelli restated a “buy” rating on shares of Campbell Soup in a report on Monday, July 16th. Wells Fargo & Co set a $42.00 price target on Campbell Soup and gave the company a “hold” rating in a report on Monday, August 20th. Deutsche Bank cut their price target on Campbell Soup from $40.00 to $36.00 and set a “hold” rating for the company in a report on Friday, August 31st. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Finally, Royal Bank of Canada raised their price target on Campbell Soup to $43.00 and gave the company a “sector perform” rating in a report on Thursday, August 23rd. Twelve equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Campbell Soup presently has a consensus rating of “Sell” and a consensus price target of $39.87.

Shares of Campbell Soup stock opened at $38.37 on Wednesday. The company has a market capitalization of $11.09 billion, a PE ratio of 13.37, a P/E/G ratio of 2.59 and a beta of 0.13. The company has a debt-to-equity ratio of 5.83, a current ratio of 0.64 and a quick ratio of 0.31. Campbell Soup has a one year low of $32.63 and a one year high of $51.07.

Campbell Soup (NYSE:CPB) last announced its earnings results on Thursday, August 30th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Campbell Soup had a return on equity of 53.88% and a net margin of 3.01%. The company’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. As a group, research analysts forecast that Campbell Soup will post 2.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 29th. Stockholders of record on Friday, October 12th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, October 11th. Campbell Soup’s dividend payout ratio (DPR) is 48.78%.

In related news, insider Luca Mignini bought 5,494 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The stock was purchased at an average price of $36.41 per share, for a total transaction of $200,036.54. Following the acquisition, the insider now owns 112,990 shares in the company, valued at $4,113,965.90. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 37.20% of the stock is currently owned by insiders.

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Campbell Soup Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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

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