Campbell Soup Company (CPB) Shares Bought by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. increased its stake in shares of Campbell Soup Company (NYSE:CPB) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,993 shares of the company’s stock after buying an additional 878 shares during the period. Rothschild Asset Management Inc.’s holdings in Campbell Soup were worth $782,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the stock. Cleararc Capital Inc. raised its stake in shares of Campbell Soup by 0.3% in the first quarter. Cleararc Capital Inc. now owns 4,745 shares of the company’s stock valued at $272,000 after buying an additional 16 shares during the period. IFP Advisors Inc raised its position in Campbell Soup by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock worth $142,000 after buying an additional 55 shares during the last quarter. ARGI Investment Services LLC raised its position in Campbell Soup by 0.5% in the first quarter. ARGI Investment Services LLC now owns 13,537 shares of the company’s stock worth $775,000 after buying an additional 64 shares during the last quarter. Conning Inc. raised its position in Campbell Soup by 1.5% in the first quarter. Conning Inc. now owns 5,287 shares of the company’s stock worth $303,000 after buying an additional 80 shares during the last quarter. Finally, Whittier Trust Co. raised its position in Campbell Soup by 2.8% in the first quarter. Whittier Trust Co. now owns 3,469 shares of the company’s stock worth $198,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 43.84% of the company’s stock.
Campbell Soup Company (CPB) opened at 53.21 on Thursday. Campbell Soup Company has a 52 week low of $50.62 and a 52 week high of $64.23. The stock has a market capitalization of $16.13 billion, a P/E ratio of 33.59 and a beta of 0.34. The firm’s 50-day moving average is $52.45 and its 200-day moving average is $57.06.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Campbell Soup had a return on equity of 59.83% and a net margin of 6.17%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, equities research analysts predict that Campbell Soup Company will post $3.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 13th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $1.40 annualized dividend and a yield of 2.63%. Campbell Soup’s payout ratio is 88.05%.
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A number of research firms recently weighed in on CPB. Barclays PLC restated a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Credit Suisse Group set a $47.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Sunday, July 23rd. Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada set a $60.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Finally, Morgan Stanley lowered their price target on shares of Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $57.24.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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