Boenning & Scattergood Inc. grew its stake in Campbell Soup (NYSE:CPB) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,200 shares of the company’s stock after buying an additional 1,500 shares during the period. Boenning & Scattergood Inc.’s holdings in Campbell Soup were worth $304,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CPB. Sicart Associates LLC boosted its stake in Campbell Soup by 16.7% during the 4th quarter. Sicart Associates LLC now owns 144,910 shares of the company’s stock worth $4,781,000 after purchasing an additional 20,750 shares during the period. Personal Capital Advisors Corp boosted its stake in Campbell Soup by 33.7% during the 4th quarter. Personal Capital Advisors Corp now owns 22,642 shares of the company’s stock worth $747,000 after purchasing an additional 5,708 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Campbell Soup by 87.1% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,600 shares of the company’s stock worth $383,000 after purchasing an additional 5,400 shares during the period. Virtu Financial LLC boosted its stake in Campbell Soup by 142.3% during the 4th quarter. Virtu Financial LLC now owns 16,605 shares of the company’s stock worth $548,000 after purchasing an additional 9,752 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Campbell Soup during the 4th quarter worth $233,000. Institutional investors and hedge funds own 53.12% of the company’s stock.
CPB has been the subject of a number of recent research reports. ValuEngine upgraded shares of Campbell Soup from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 11th. Credit Suisse Group decreased their price target on shares of Campbell Soup from $36.00 to $33.00 and set a “sell” rating for the company in a research note on Friday, September 28th. Deutsche Bank set a $40.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a research note on Wednesday, November 21st. Bank of America set a $31.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a research note on Tuesday, November 27th. Finally, UBS Group set a $33.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a research note on Friday, November 16th. Ten equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $38.71.
CPB stock opened at $35.39 on Wednesday. Campbell Soup has a one year low of $32.03 and a one year high of $48.10. The firm has a market capitalization of $10.68 billion, a PE ratio of 12.33, a PEG ratio of 2.60 and a beta of 0.39. The company has a quick ratio of 0.35, a current ratio of 0.69 and a debt-to-equity ratio of 5.65.
Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 20th. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Campbell Soup had a net margin of 1.95% and a return on equity of 53.81%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business earned $0.92 EPS. The business’s revenue was up 24.7% on a year-over-year basis. As a group, research analysts expect that Campbell Soup will post 2.47 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Wednesday, January 9th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, January 8th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.
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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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