Nissay Asset Management Corp Japan ADV grew its stake in Campbell Soup (NYSE:CPB) by 23.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,067 shares of the company’s stock after purchasing an additional 3,583 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Campbell Soup were worth $946,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of CPB. Squarepoint Ops LLC lifted its holdings in shares of Campbell Soup by 1,114.3% in the first quarter. Squarepoint Ops LLC now owns 68,039 shares of the company’s stock worth $3,141,000 after acquiring an additional 62,436 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Campbell Soup by 34.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 8,850 shares of the company’s stock worth $409,000 after buying an additional 2,288 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Campbell Soup in the first quarter worth approximately $6,138,000. Mutual of America Capital Management LLC lifted its position in Campbell Soup by 2.2% in the first quarter. Mutual of America Capital Management LLC now owns 23,384 shares of the company’s stock valued at $1,079,000 after purchasing an additional 511 shares during the last quarter. Finally, AJO LP bought a new stake in Campbell Soup in the first quarter valued at approximately $5,053,000. 47.57% of the stock is currently owned by institutional investors.
Shares of CPB stock opened at $49.57 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.84 and a quick ratio of 0.62. The stock’s fifty day moving average price is $49.21 and its 200 day moving average price is $49.01. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 2.04 and a beta of 0.42. Campbell Soup has a 1-year low of $40.61 and a 1-year high of $57.54.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.26 billion. Campbell Soup had a return on equity of 46.05% and a net margin of 18.34%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. As a group, equities research analysts anticipate that Campbell Soup will post 2.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, July 14th. This represents a $1.40 annualized dividend and a yield of 2.82%. Campbell Soup’s payout ratio is presently 60.87%.
A number of equities analysts have issued reports on the company. Credit Suisse Group increased their price objective on Campbell Soup from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Wells Fargo & Co dropped their price objective on Campbell Soup from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. Jefferies Financial Group raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Monday, June 22nd. Deutsche Bank increased their target price on Campbell Soup from $52.00 to $53.00 and gave the company a “hold” rating in a report on Friday, May 22nd. Finally, UBS Group increased their target price on Campbell Soup from $44.00 to $45.00 and gave the company a “sell” rating in a report on Thursday, June 4th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.12.
About Campbell Soup
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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