Scotia Capital Inc. reduced its holdings in shares of Campbell Soup Company (NYSE:CPB) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,131 shares of the company’s stock after selling 883 shares during the quarter. Scotia Capital Inc.’s holdings in Campbell Soup were worth $685,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Motco lifted its holdings in Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after acquiring an additional 1,600 shares during the period. Johnson Financial Group Inc. lifted its holdings in Campbell Soup by 19.2% during the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock worth $145,000 after acquiring an additional 408 shares during the period. Mercer Capital Advisers Inc. lifted its holdings in Campbell Soup by 13.6% during the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock worth $176,000 after acquiring an additional 405 shares during the period. Victory Capital Management Inc. lifted its holdings in Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock worth $195,000 after acquiring an additional 213 shares during the period. Finally, First Allied Advisory Services Inc. lifted its holdings in Campbell Soup by 6.3% during the second quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock worth $201,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 44.65% of the company’s stock.

A number of brokerages recently commented on CPB. Credit Suisse Group reiterated a “sell” rating and set a $43.00 price target (down from $47.00) on shares of Campbell Soup in a report on Friday, September 1st. Barclays PLC reissued a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Royal Bank Of Canada decreased their target price on Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating for the company in a research report on Friday, September 1st. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.91.

In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luca Mignini purchased 4,300 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was acquired at an average price of $46.47 per share, with a total value of $199,821.00. Following the purchase, the insider now directly owns 88,178 shares in the company, valued at approximately $4,097,631.66. The disclosure for this purchase can be found here. 37.20% of the stock is currently owned by company insiders.

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Campbell Soup Company (NYSE CPB) opened at 46.17 on Monday. The stock has a market capitalization of $13.88 billion, a PE ratio of 15.98 and a beta of 0.36. Campbell Soup Company has a 12 month low of $45.00 and a 12 month high of $64.23. The stock has a 50 day moving average price of $47.10 and a 200 day moving average price of $53.15.

Campbell Soup (NYSE:CPB) last announced its earnings results on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the business posted $0.46 earnings per share. Campbell Soup’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Campbell Soup Company will post $3.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be issued a $0.35 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.40 dividend on an annualized basis and a yield of 3.03%. Campbell Soup’s dividend payout ratio is currently 48.44%.

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

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