Wright Investors Service Inc. Takes $878,000 Position in Campbell Soup (NYSE:CPB)

Share on StockTwits

Wright Investors Service Inc. purchased a new stake in shares of Campbell Soup (NYSE:CPB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,912 shares of the company’s stock, valued at approximately $878,000.

Several other hedge funds have also added to or reduced their stakes in the company. Roble Belko & Company Inc purchased a new position in Campbell Soup in the first quarter valued at about $27,000. Creative Financial Designs Inc. ADV bought a new position in shares of Campbell Soup in the 1st quarter worth about $31,000. CWM LLC increased its stake in shares of Campbell Soup by 319.5% in the 1st quarter. CWM LLC now owns 839 shares of the company’s stock worth $32,000 after acquiring an additional 639 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Campbell Soup by 52.2% in the 1st quarter. Parallel Advisors LLC now owns 860 shares of the company’s stock worth $33,000 after acquiring an additional 295 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of Campbell Soup in the 1st quarter worth about $39,000. 52.17% of the stock is owned by hedge funds and other institutional investors.

Shares of CPB traded up $0.49 during midday trading on Thursday, reaching $41.95. The company had a trading volume of 31,183 shares, compared to its average volume of 1,520,189. Campbell Soup has a 1-year low of $32.03 and a 1-year high of $43.66. The company has a market capitalization of $12.49 billion, a PE ratio of 14.64, a PEG ratio of 3.25 and a beta of 0.51. The business has a 50 day simple moving average of $41.26. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the company earned $0.70 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Campbell Soup will post 2.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, July 12th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Thursday, July 11th. Campbell Soup’s dividend payout ratio is presently 48.78%.

A number of equities analysts recently issued reports on CPB shares. Bank of America reissued an “underperform” rating and issued a $32.00 price objective on shares of Campbell Soup in a report on Friday, June 14th. Credit Suisse Group boosted their target price 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. Evercore ISI started coverage on shares of Campbell Soup in a report on Tuesday, June 11th. They issued an “in-line” rating and a $43.00 target price for the company. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating and set a $45.00 target price for the company in a report on Friday, June 7th. Finally, Barclays restated a “sell” rating and set a $43.00 price objective on shares of Campbell Soup in a report on Sunday, June 16th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Campbell Soup presently has a consensus rating of “Hold” and an average price target of $39.60.

In other Campbell Soup news, VP Stanley Polomski sold 9,732 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $41.01, for a total transaction of $399,109.32. Following the transaction, the vice president now owns 24,540 shares of the company’s stock, valued at approximately $1,006,385.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Randall W. Larrimore sold 3,400 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $41.36, for a total value of $140,624.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,132 shares of company stock worth $780,333. 37.20% of the stock is currently owned by company insiders.

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.

Featured Story: The Discount Rate – What You Need to Know

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

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.