Campbell Soup Company (NYSE:CPB) Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.40 dividend on an annualized basis and a yield of 3.04%. Campbell Soup’s dividend payout ratio is presently 48.44%.
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Large investors have recently added to or reduced their stakes in the stock. Motco grew its stake in Campbell Soup by 301.9% during the 2nd quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after buying an additional 1,600 shares during the last quarter. Johnson Financial Group Inc. grew its stake in shares of Campbell Soup by 19.2% in the 1st quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after purchasing an additional 408 shares during the last quarter. Mercer Capital Advisers Inc. grew its stake in shares of Campbell Soup by 13.6% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after purchasing an additional 405 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Campbell Soup by 7.0% in the 1st quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after purchasing an additional 204 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Campbell Soup by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 44.67% of the company’s stock.
A number of equities research analysts recently commented on the company. Piper Jaffray Companies set a $50.00 target price on Campbell Soup and gave the stock a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded Campbell Soup from a “hold” rating to a “sell” rating in a report on Monday, September 4th. Goldman Sachs Group, Inc. (The) decreased their target price on Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a report on Sunday, September 3rd. Royal Bank Of Canada downgraded Campbell Soup from an “underperform” rating to a “market perform” rating in a report on Sunday, September 3rd. Finally, UBS AG reaffirmed a “sell” rating and set a $46.00 target price (down previously from $50.00) on shares of Campbell Soup in a report on Friday, September 1st. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $51.00.
Campbell Soup 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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