Landscape Capital Management L.L.C. increased its position in shares of Campbell Soup (NYSE:CPB) by 1,144.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,260 shares of the company’s stock after acquiring an additional 188,761 shares during the quarter. Campbell Soup comprises 0.7% of Landscape Capital Management L.L.C.’s holdings, making the stock its 17th biggest position. Landscape Capital Management L.L.C. owned 0.07% of Campbell Soup worth $8,225,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CPB. Securian Asset Management Inc boosted its holdings in shares of Campbell Soup by 1.3% in the 2nd quarter. Securian Asset Management Inc now owns 19,786 shares of the company’s stock valued at $793,000 after acquiring an additional 257 shares during the last quarter. Advisor Partners LLC boosted its holdings in Campbell Soup by 4.3% during the second quarter. Advisor Partners LLC now owns 6,319 shares of the company’s stock worth $253,000 after buying an additional 259 shares in the last quarter. Tdam USA Inc. boosted its holdings in Campbell Soup by 2.7% during the second quarter. Tdam USA Inc. now owns 10,039 shares of the company’s stock worth $402,000 after buying an additional 260 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in Campbell Soup by 2.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 11,968 shares of the company’s stock worth $456,000 after buying an additional 272 shares in the last quarter. Finally, Hartford Investment Management Co. boosted its holdings in Campbell Soup by 0.5% during the second quarter. Hartford Investment Management Co. now owns 52,746 shares of the company’s stock worth $2,114,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 52.17% of the company’s stock.
A number of analysts recently issued reports on the stock. ValuEngine raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Evercore ISI assumed coverage on shares of Campbell Soup in a report on Tuesday, June 11th. They set an “in-line” rating and a $43.00 price target on the stock. UBS Group set a $36.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a report on Thursday, June 6th. Bank of America reissued an “underperform” rating and set a $32.00 price target on shares of Campbell Soup in a report on Friday, June 14th. Finally, Credit Suisse Group increased their price target on shares of Campbell Soup from $30.00 to $36.00 and gave the stock an “underperform” rating in a report on Thursday, June 6th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.60.
NYSE:CPB traded down $0.56 during trading hours on Wednesday, reaching $41.70. 69,351 shares of the company were exchanged, compared to its average volume of 2,375,784. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62. The stock has a 50-day moving average of $41.23. The firm has a market cap of $12.73 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 3.23 and a beta of 0.51. Campbell Soup has a twelve month low of $32.03 and a twelve month high of $43.66.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.09. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Campbell Soup had a net margin of 3.19% and a return on equity of 54.23%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. As a group, research analysts anticipate that Campbell Soup will post 2.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Friday, July 12th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Thursday, July 11th. Campbell Soup’s dividend payout ratio (DPR) is 48.78%.
In other news, insider Robert Furbee sold 6,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $40.10, for a total value of $240,600.00. Following the completion of the sale, the insider now directly owns 18,015 shares in the company, valued at $722,401.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Stanley Polomski sold 9,732 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $41.01, for a total transaction of $399,109.32. Following the completion of the sale, the vice president now owns 24,540 shares of the company’s stock, valued at $1,006,385.40. The disclosure for this sale can be found here. Insiders sold 19,132 shares of company stock valued at $780,333 over the last quarter. Company insiders own 37.20% of the company’s stock.
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; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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