Tyers Asset Management LLC cut its stake in Campbell Soup Company (NYSE:CPB) by 40.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,376 shares of the company’s stock after selling 13,104 shares during the period. Tyers Asset Management LLC’s holdings in Campbell Soup Company were worth $1,109,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Jensen Investment Management Inc. bought a new stake in Campbell Soup Company during the third quarter valued at approximately $422,000. Vicus Capital raised its stake in Campbell Soup Company by 0.3% in the third quarter. Vicus Capital now owns 3,707 shares of the company’s stock valued at $203,000 after buying an additional 12 shares during the period. Synovus Financial Corp raised its stake in Campbell Soup Company by 116.0% in the third quarter. Synovus Financial Corp now owns 4,319 shares of the company’s stock valued at $236,000 after buying an additional 2,319 shares during the period. World Asset Management Inc raised its stake in Campbell Soup Company by 10.6% in the third quarter. World Asset Management Inc now owns 19,591 shares of the company’s stock valued at $1,072,000 after buying an additional 1,874 shares during the period. Finally, Rothschild Asset Management Inc. raised its stake in Campbell Soup Company by 66.6% in the third quarter. Rothschild Asset Management Inc. now owns 14,306 shares of the company’s stock valued at $783,000 after buying an additional 5,720 shares during the period. Hedge funds and other institutional investors own 42.81% of the company’s stock.
Shares of Campbell Soup Company (NYSE:CPB) traded up 0.28% on Friday, reaching $57.40. 680,081 shares of the company traded hands. Campbell Soup Company has a 1-year low of $52.59 and a 1-year high of $67.89. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 35.76 and a beta of 0.46. The company has a 50-day moving average of $57.22 and a 200-day moving average of $58.37.
Campbell Soup Company (NYSE:CPB) last released its earnings results on Friday, February 17th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business earned $2.17 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 earnings per share. Analysts anticipate that Campbell Soup Company will post $3.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Wednesday, April 12th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, April 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.44%. Campbell Soup Company’s dividend payout ratio is currently 66.04%.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Campbell Soup Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th. Deutsche Bank AG assumed coverage on shares of Campbell Soup Company in a report on Wednesday, February 15th. They issued a “hold” rating and a $65.00 target price for the company. Royal Bank of Canada upped their target price on shares of Campbell Soup Company from $60.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 15th. Stifel Nicolaus upped their target price on shares of Campbell Soup Company from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, January 23rd. Finally, Sanford C. Bernstein downgraded shares of Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 target price for the company. in a report on Tuesday, March 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $60.17.
In related news, Director Bennett Dorrance bought 915,766 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was acquired at an average price of $57.34 per share, with a total value of $52,510,022.44. Following the completion of the purchase, the director now directly owns 24,978 shares of the company’s stock, valued at $1,432,238.52. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 37.30% of the stock is owned by insiders.
Campbell Soup Company Company 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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