Campbell Soup (CPB) Stake Decreased by Aperio Group LLC

Aperio Group LLC cut its position in shares of Campbell Soup (NYSE:CPB) by 31.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,613 shares of the company’s stock after selling 60,968 shares during the period. Aperio Group LLC’s holdings in Campbell Soup were worth $5,457,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its stake in shares of Campbell Soup by 1,609.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,564 shares of the company’s stock worth $104,000 after purchasing an additional 2,414 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Campbell Soup by 180.0% during the 1st quarter. Whittier Trust Co. now owns 2,800 shares of the company’s stock worth $121,000 after purchasing an additional 1,800 shares during the last quarter. Jolley Asset Management LLC acquired a new position in shares of Campbell Soup during the 2nd quarter worth about $141,000. Tompkins Financial Corp increased its stake in shares of Campbell Soup by 94.1% during the 2nd quarter. Tompkins Financial Corp now owns 4,145 shares of the company’s stock worth $168,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of Campbell Soup during the 1st quarter worth about $217,000. Institutional investors own 49.13% of the company’s stock.

Shares of CPB stock opened at $41.51 on Tuesday. The stock has a market cap of $12.43 billion, a P/E ratio of 13.65, a P/E/G ratio of 2.55 and a beta of 0.28. The company has a quick ratio of 0.37, a current ratio of 0.68 and a debt-to-equity ratio of 5.73. Campbell Soup has a 52 week low of $32.63 and a 52 week high of $54.37.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Friday, May 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.10. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. Campbell Soup had a net margin of 5.97% and a return on equity of 56.59%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. research analysts forecast that Campbell Soup will post 2.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 30th. Shareholders of record on Friday, July 13th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, July 12th. Campbell Soup’s dividend payout ratio is currently 46.05%.

CPB has been the subject of several research analyst reports. Stifel Nicolaus reduced their target price on shares of Campbell Soup from $44.00 to $35.00 and set a “hold” rating for the company in a report on Monday, May 21st. ValuEngine downgraded shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. downgraded shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 target price for the company. in a report on Friday. Piper Jaffray Companies set a $43.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a report on Wednesday, April 18th. Finally, TheStreet downgraded shares of Campbell Soup from a “b-” rating to a “c” rating in a report on Friday, May 18th. Eleven investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Sell” and a consensus price target of $41.50.

In other Campbell Soup news, Director Maria Teresa Hilado acquired 2,000 shares of the business’s stock in a transaction on Wednesday, June 6th. The stock was purchased at an average price of $33.22 per share, with a total value of $66,440.00. Following the acquisition, the director now directly owns 4,330 shares of the company’s stock, valued at approximately $143,842.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 37.20% of the company’s stock.

Campbell Soup Company Profile

Campbell Soup Co engages in manufacturing and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: 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 businesses in the U.S., Canada and Latin America.

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

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