Cubist Systematic Strategies LLC grew its holdings in Campbell Soup Company (NYSE:CPB) by 114.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,276 shares of the company’s stock after acquiring an additional 12,981 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Campbell Soup were worth $1,266,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. KCG Holdings Inc. boosted its position in shares of Campbell Soup by 167.8% during the first quarter. KCG Holdings Inc. now owns 16,291 shares of the company’s stock worth $932,000 after buying an additional 10,208 shares during the period. Investment Centers of America Inc. boosted its position in shares of Campbell Soup by 20.7% during the first quarter. Investment Centers of America Inc. now owns 5,155 shares of the company’s stock worth $295,000 after buying an additional 883 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Campbell Soup by 196.8% during the first quarter. Tower Research Capital LLC TRC now owns 15,047 shares of the company’s stock worth $861,000 after buying an additional 9,978 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Campbell Soup by 6.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 133,937 shares of the company’s stock worth $6,984,000 after buying an additional 8,119 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Campbell Soup by 38.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 850,980 shares of the company’s stock worth $44,379,000 after buying an additional 236,417 shares during the period. 44.67% of the stock is owned by institutional investors.
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In related news, insider Luca Mignini purchased 4,300 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was acquired at an average price of $46.47 per share, for a total transaction of $199,821.00. Following the purchase, the insider now owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. 37.30% of the stock is currently owned by insiders.
Several research firms have recently weighed in on CPB. Zacks Investment Research cut Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Barclays PLC reaffirmed a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Royal Bank Of Canada reduced their price objective on Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating for the company in a research report on Friday, September 1st. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $50.00 price objective (down from $56.00) on shares of Campbell Soup in a research report on Monday, September 11th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $51.00 price objective (down from $58.00) on shares of Campbell Soup in a research report on Friday, September 1st. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Campbell Soup currently has an average rating of “Hold” and an average target price of $51.00.
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 company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. Campbell Soup’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders 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 (DPR) is currently 48.44%.
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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