Campbell Soup Company (CPB) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in Campbell Soup Company (NYSE:CPB) by 12.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,096 shares of the company’s stock after purchasing an additional 8,228 shares during the quarter. Toronto Dominion Bank’s holdings in Campbell Soup were worth $3,422,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Berkshire Asset Management LLC PA lifted its stake in shares of Campbell Soup by 45.3% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 12,036 shares of the company’s stock valued at $564,000 after acquiring an additional 3,750 shares during the last quarter. Northern Capital Management LLC lifted its stake in shares of Campbell Soup by 235.8% in the 3rd quarter. Northern Capital Management LLC now owns 73,810 shares of the company’s stock valued at $3,456,000 after acquiring an additional 51,830 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Campbell Soup by 6.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 133,937 shares of the company’s stock valued at $6,984,000 after acquiring an additional 8,119 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Campbell Soup by 38.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 850,980 shares of the company’s stock valued at $44,379,000 after acquiring an additional 236,417 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Campbell Soup by 15.7% in the 3rd quarter. First Trust Advisors LP now owns 431,245 shares of the company’s stock valued at $20,191,000 after acquiring an additional 58,407 shares during the last quarter. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Company (CPB) opened at $49.93 on Tuesday. The stock has a market capitalization of $14,942.28, a price-to-earnings ratio of 16.46, a P/E/G ratio of 3.65 and a beta of 0.38. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. Campbell Soup Company has a 12-month low of $44.99 and a 12-month high of $64.23.

Campbell Soup (NYSE:CPB) last announced its earnings results on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 earnings per share. equities research analysts anticipate that Campbell Soup Company will post 3.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.80%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s dividend payout ratio is currently 48.44%.

A number of brokerages have recently commented on CPB. Credit Suisse Group reiterated a “sell” rating and issued a $43.00 price target (down from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st. Barclays PLC reiterated a “sell” rating on shares of Campbell Soup in a research note on Tuesday, July 25th. Royal Bank Of Canada dropped their price target on Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday, September 1st. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, UBS AG reiterated a “sell” rating and issued a $46.00 price target (down from $50.00) on shares of Campbell Soup in a research note on Friday, September 1st. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.45.

In other Campbell Soup news, insider Luca Mignini acquired 4,300 shares of the stock in a transaction dated Wednesday, September 27th. The stock was purchased at an average cost of $46.47 per share, with a total value of $199,821.00. Following the transaction, the insider now owns 88,178 shares in the company, valued at approximately $4,097,631.66. The acquisition 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 stock was 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. 37.20% of the stock is owned by company insiders.

WARNING: This report was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://sportsperspectives.com/2017/11/21/campbell-soup-company-cpb-shares-bought-by-toronto-dominion-bank.html.

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.

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

Receive News & Ratings for Campbell Soup Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply