Campbell Soup (CPB) Shares Bought by Aperio Group LLC

Aperio Group LLC boosted its position in Campbell Soup (NYSE:CPB) by 13.6% during the 3rd quarter, Holdings Channel reports. The firm owned 152,903 shares of the company’s stock after purchasing an additional 18,290 shares during the period. Aperio Group LLC’s holdings in Campbell Soup were worth $5,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Campbell Soup by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 80,449 shares of the company’s stock valued at $3,267,000 after purchasing an additional 1,254 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in Campbell Soup in the second quarter valued at approximately $328,000. LFA Lugano Financial Advisors SA purchased a new position in Campbell Soup in the second quarter valued at approximately $175,000. Standard Life Aberdeen plc lifted its stake in Campbell Soup by 0.9% in the second quarter. Standard Life Aberdeen plc now owns 308,175 shares of the company’s stock valued at $12,498,000 after purchasing an additional 2,697 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Campbell Soup by 1.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 619,214 shares of the company’s stock valued at $25,103,000 after purchasing an additional 7,583 shares during the last quarter. Institutional investors and hedge funds own 54.86% of the company’s stock.

NYSE:CPB opened at $37.41 on Thursday. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 2.64 and a beta of 0.23. Campbell Soup has a 1 year low of $32.63 and a 1 year high of $51.07. The company has a current ratio of 0.64, a quick ratio of 0.31 and a debt-to-equity ratio of 5.83.

Campbell Soup (NYSE:CPB) last posted its earnings results on Thursday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. Campbell Soup had a return on equity of 53.88% and a net margin of 3.01%. The business’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, analysts predict that Campbell Soup will post 2.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 29th. Shareholders of record on Friday, October 12th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.74%. Campbell Soup’s dividend payout ratio is currently 48.78%.

In other Campbell Soup news, insider Luca Mignini acquired 5,494 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The shares were bought at an average price of $36.41 per share, for a total transaction of $200,036.54. Following the completion of the transaction, the insider now owns 112,990 shares of the company’s stock, valued at approximately $4,113,965.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 37.20% of the company’s stock.

CPB has been the topic of several research analyst reports. Deutsche Bank dropped their price objective on Campbell Soup from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, August 31st. ValuEngine upgraded Campbell Soup from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Wells Fargo & Co set a $42.00 target price on Campbell Soup and gave the stock a “hold” rating in a research report on Monday, August 20th. Credit Suisse Group set a $36.00 target price on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, August 31st. Finally, Royal Bank of Canada increased their target price on Campbell Soup to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 23rd. Twelve equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Sell” and a consensus target price of $39.87.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; and Campbell's tomato juices in the United States, Canada, and Latin America.

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

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