Twin Capital Management Inc. Has $1.80 Million Stake in Campbell Soup (CPB)

Twin Capital Management Inc. grew its position in Campbell Soup (NYSE:CPB) by 62.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 37,351 shares of the company’s stock after buying an additional 14,323 shares during the period. Twin Capital Management Inc.’s holdings in Campbell Soup were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in CPB. First Personal Financial Services grew its position in shares of Campbell Soup by 180.9% in the 3rd quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after acquiring an additional 1,724 shares during the period. Cordasco Financial Network bought a new position in shares of Campbell Soup in the 4th quarter valued at about $144,000. Meeder Asset Management Inc. bought a new position in shares of Campbell Soup in the 3rd quarter valued at about $175,000. First Allied Advisory Services Inc. grew its position in shares of Campbell Soup by 6.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock valued at $201,000 after acquiring an additional 227 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of Campbell Soup in the 3rd quarter valued at about $211,000. 46.00% of the stock is owned by institutional investors.

Shares of Campbell Soup (NYSE CPB) opened at $46.55 on Thursday. The company has a market cap of $13,948.17, a PE ratio of 16.28, a P/E/G ratio of 3.65 and a beta of 0.39. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.39 and a current ratio of 0.77. Campbell Soup has a twelve month low of $44.99 and a twelve month high of $64.23.

Campbell Soup (NYSE:CPB) last announced 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). The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. analysts forecast that Campbell Soup will post 2.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Wednesday, January 10th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Tuesday, January 9th. Campbell Soup’s payout ratio is 48.95%.

Campbell Soup announced that its board has initiated a share buyback plan on Monday, December 18th that allows the company to repurchase shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

A number of research analysts have recently commented on CPB shares. Royal Bank of Canada set a $56.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a research report on Wednesday, October 25th. UBS Group decreased their price objective on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a research report on Thursday, November 9th. Credit Suisse Group set a $41.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research report on Friday, November 24th. Piper Jaffray Companies set a $49.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a research report on Tuesday, November 28th. Finally, Citigroup raised shares of Campbell Soup from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $45.51 to $57.00 in a research report on Tuesday, January 16th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $50.08.

In other Campbell Soup news, SVP Carlos Barroso sold 4,300 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $48.86, for a total value of $210,098.00. Following the completion of the sale, the senior vice president now owns 29,119 shares of the company’s stock, valued at approximately $1,422,754.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Carolan sold 6,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total transaction of $312,975.00. Following the completion of the sale, the insider now directly owns 41,506 shares of the company’s stock, valued at approximately $1,998,513.90. The disclosure for this sale can be found here. Insiders have sold a total of 15,284 shares of company stock valued at $741,399 in the last ninety days. 37.20% of the stock is currently owned by insiders.

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

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