OxFORD Asset Management LLP Has $1.04 Million Position in Campbell Soup Company (CPB)

OxFORD Asset Management LLP reduced its stake in Campbell Soup Company (NYSE:CPB) by 85.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,056 shares of the company’s stock after selling 124,739 shares during the quarter. OxFORD Asset Management LLP’s holdings in Campbell Soup were worth $1,038,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Berkshire Asset Management LLC PA increased its position in shares of Campbell Soup by 45.3% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 12,036 shares of the company’s stock valued at $564,000 after purchasing an additional 3,750 shares during the last quarter. Manning & Napier Advisors LLC increased its position in shares of Campbell Soup by 3.2% during the 3rd quarter. Manning & Napier Advisors LLC now owns 1,201,707 shares of the company’s stock valued at $56,262,000 after purchasing an additional 37,577 shares during the last quarter. Northern Capital Management LLC grew its stake in shares of Campbell Soup by 235.8% during the 3rd quarter. Northern Capital Management LLC now owns 73,810 shares of the company’s stock worth $3,456,000 after acquiring an additional 51,830 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Campbell Soup by 6.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 133,937 shares of the company’s stock worth $6,984,000 after acquiring an additional 8,119 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Campbell Soup by 15.7% during the 3rd quarter. First Trust Advisors LP now owns 431,245 shares of the company’s stock worth $20,191,000 after acquiring an additional 58,407 shares during the period. 46.04% of the stock is owned by hedge funds and other institutional investors.

In other Campbell Soup news, insider Luca Mignini purchased 4,300 shares of the stock in a transaction on Wednesday, September 27th. The shares were purchased at an average price of $46.47 per share, with a total value of $199,821.00. Following the acquisition, the insider now directly owns 88,178 shares in the company, valued at approximately $4,097,631.66. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s 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. 37.20% of the stock is owned by company insiders.

CPB has been the subject of several research reports. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Credit Suisse Group reiterated a “sell” rating and set a $43.00 price target (down previously from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st. Morgan Stanley reiterated an “underweight” rating and set a $47.00 price target (down previously from $52.00) on shares of Campbell Soup in a research note on Friday, September 1st. Royal Bank of Canada set a $56.00 price target on Campbell Soup and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Goldman Sachs Group cut their price target on Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Sunday, September 3rd. Seven investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $49.83.

Campbell Soup Company (NYSE:CPB) opened at $48.33 on Thursday. Campbell Soup Company has a 12 month low of $44.99 and a 12 month high of $64.23. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $14,663.61, a PE ratio of 16.59, a price-to-earnings-growth ratio of 3.72 and a beta of 0.40.

Campbell Soup (NYSE:CPB) last issued its earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. equities analysts expect that Campbell Soup Company will post 2.95 earnings per share for the current year.

Campbell Soup announced that its board has authorized a stock repurchase plan on Monday, December 18th that allows the company to repurchase outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 annualized dividend and a yield of 2.90%. Campbell Soup’s dividend payout ratio is currently 48.95%.

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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.

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

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