Tdam USA Inc. Boosts Position in Campbell Soup (NYSE:CPB)

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Tdam USA Inc. boosted its holdings in Campbell Soup (NYSE:CPB) by 2.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 10,039 shares of the company’s stock after buying an additional 260 shares during the period. Tdam USA Inc.’s holdings in Campbell Soup were worth $402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPB. Advisor Partners LLC raised its stake in shares of Campbell Soup by 4.3% during the second quarter. Advisor Partners LLC now owns 6,319 shares of the company’s stock valued at $253,000 after purchasing an additional 259 shares during the period. Piedmont Investment Advisors Inc. raised its stake in shares of Campbell Soup by 2.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 11,968 shares of the company’s stock valued at $456,000 after purchasing an additional 272 shares during the period. Hartford Investment Management Co. raised its stake in shares of Campbell Soup by 0.5% during the second quarter. Hartford Investment Management Co. now owns 52,746 shares of the company’s stock valued at $2,114,000 after purchasing an additional 272 shares during the period. Parallel Advisors LLC raised its stake in shares of Campbell Soup by 52.2% during the first quarter. Parallel Advisors LLC now owns 860 shares of the company’s stock valued at $33,000 after purchasing an additional 295 shares during the period. Finally, O Shares Investment Advisers LLC raised its stake in shares of Campbell Soup by 3.0% during the first quarter. O Shares Investment Advisers LLC now owns 10,412 shares of the company’s stock valued at $397,000 after purchasing an additional 304 shares during the period. Hedge funds and other institutional investors own 52.17% of the company’s stock.

A number of research firms have recently issued reports on CPB. Evercore ISI began coverage on shares of Campbell Soup in a research note on Tuesday, June 11th. They set an “in-line” rating and a $43.00 price objective on the stock. UBS Group set a $36.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research note on Thursday, June 6th. Barclays reiterated a “sell” rating and set a $43.00 price objective on shares of Campbell Soup in a research note on Sunday, June 16th. Bank of America reiterated an “underperform” rating and set a $32.00 price objective on shares of Campbell Soup in a research note on Friday, June 14th. Finally, Credit Suisse Group lifted their price objective on shares of Campbell Soup from $30.00 to $36.00 and gave the company an “underperform” rating in a research note on Thursday, June 6th. Six analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.60.

Shares of CPB stock traded up $0.27 during mid-day trading on Thursday, reaching $41.73. 12,183 shares of the company were exchanged, compared to its average volume of 1,520,189. Campbell Soup has a fifty-two week low of $32.03 and a fifty-two week high of $43.66. The company has a quick ratio of 0.36, a current ratio of 0.62 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $12.49 billion, a P/E ratio of 14.53, a P/E/G ratio of 3.25 and a beta of 0.51. The company has a 50 day moving average price of $41.26.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. Campbell Soup had a net margin of 3.19% and a return on equity of 54.23%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the company earned $0.70 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, research analysts forecast that Campbell Soup will post 2.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Friday, July 12th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Thursday, July 11th. Campbell Soup’s payout ratio is currently 48.78%.

In other Campbell Soup news, VP Stanley Polomski sold 9,732 shares of Campbell Soup stock in a transaction on Monday, June 17th. The shares were sold at an average price of $41.01, for a total value of $399,109.32. Following the completion of the transaction, the vice president now owns 24,540 shares of the company’s stock, valued at $1,006,385.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Furbee sold 6,000 shares of Campbell Soup stock in a transaction on Friday, June 28th. The stock was sold at an average price of $40.10, for a total transaction of $240,600.00. Following the completion of the transaction, the insider now directly owns 18,015 shares of the company’s stock, valued at approximately $722,401.50. The disclosure for this sale can be found here. Insiders have sold 19,132 shares of company stock valued at $780,333 in the last three months. Corporate insiders own 37.20% of the company’s stock.

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

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