Banque Cantonale Vaudoise lessened its stake in shares of Campbell Soup (NYSE:CPB – Free Report) by 35.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,817 shares of the company’s stock after selling 15,774 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Campbell Soup were worth $1,319,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Campbell Soup by 6.3% during the first quarter. Vanguard Group Inc. now owns 23,259,524 shares of the company’s stock worth $1,036,678,000 after acquiring an additional 1,387,605 shares during the last quarter. BlackRock Inc. raised its position in shares of Campbell Soup by 2.1% during the first quarter. BlackRock Inc. now owns 17,657,529 shares of the company’s stock worth $970,811,000 after acquiring an additional 357,500 shares during the last quarter. State Street Corp raised its position in shares of Campbell Soup by 16.8% during the first quarter. State Street Corp now owns 12,182,043 shares of the company’s stock worth $542,954,000 after acquiring an additional 1,749,650 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Campbell Soup by 1.2% during the first quarter. Geode Capital Management LLC now owns 4,375,839 shares of the company’s stock worth $240,059,000 after acquiring an additional 49,905 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Campbell Soup by 66.9% during the fourth quarter. Morgan Stanley now owns 3,512,543 shares of the company’s stock worth $199,337,000 after acquiring an additional 1,408,175 shares during the last quarter. Institutional investors own 50.73% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research report on Friday, September 1st. The Goldman Sachs Group cut their target price on Campbell Soup from $44.00 to $40.00 and set a “sell” rating on the stock in a research note on Tuesday, August 22nd. JPMorgan Chase & Co. cut their target price on Campbell Soup from $49.00 to $47.00 and set a “neutral” rating on the stock in a research note on Monday, August 21st. Barclays lowered their price target on Campbell Soup from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Sunday, September 3rd. Finally, TheStreet downgraded Campbell Soup from a “b-” rating to a “c+” rating in a report on Thursday, August 24th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.40.
Campbell Soup Stock Up 0.4 %
CPB stock opened at $40.57 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.93 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average price of $40.86 and a two-hundred day moving average price of $44.92. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 3.19 and a beta of 0.37. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $57.78.
Campbell Soup (NYSE:CPB – Get Free Report) last released its quarterly earnings data on Thursday, August 31st. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Campbell Soup had a return on equity of 25.14% and a net margin of 9.17%. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the firm posted $0.56 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Campbell Soup will post 3.06 EPS for the current fiscal year.
Campbell Soup Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Thursday, October 5th were given a $0.37 dividend. The ex-dividend date was Wednesday, October 4th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.65%. Campbell Soup’s payout ratio is 51.75%.
In related news, VP Stanley Polomski sold 8,000 shares of Campbell Soup stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $43.35, for a total transaction of $346,800.00. Following the completion of the sale, the vice president now directly owns 33,162 shares of the company’s stock, valued at approximately $1,437,572.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 20.64% of the company’s stock.
Campbell Soup Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.
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