New York State Teachers Retirement System decreased its stake in Campbell Soup Company (NYSE:CPB) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 297,773 shares of the company’s stock after selling 6,963 shares during the period. New York State Teachers Retirement System owned about 0.10% of Campbell Soup worth $13,942,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CPB. Teachers Advisors LLC lifted its stake in Campbell Soup by 51.0% in the 1st quarter. Teachers Advisors LLC now owns 437,838 shares of the company’s stock valued at $25,062,000 after purchasing an additional 147,875 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Campbell Soup by 14.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 7,660 shares of the company’s stock valued at $438,000 after purchasing an additional 950 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Campbell Soup by 11.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 875,006 shares of the company’s stock valued at $50,084,000 after purchasing an additional 90,818 shares during the last quarter. DnB Asset Management AS lifted its stake in Campbell Soup by 0.7% in the 2nd quarter. DnB Asset Management AS now owns 30,113 shares of the company’s stock valued at $1,570,000 after purchasing an additional 200 shares during the last quarter. Finally, Charter Trust Co. lifted its stake in Campbell Soup by 2.6% in the 2nd quarter. Charter Trust Co. now owns 8,077 shares of the company’s stock valued at $421,000 after purchasing an additional 203 shares during the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.

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

Several research firms have recently issued reports on CPB. Royal Bank Of Canada set a $56.00 price target on shares of Campbell Soup and gave the company a “hold” rating in a research note on Wednesday, October 25th. Goldman Sachs Group, Inc. (The) dropped their price target on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Sunday, September 3rd. UBS AG reiterated a “sell” rating and set a $46.00 price objective (down from $50.00) on shares of Campbell Soup in a research report on Friday, September 1st. Morgan Stanley reiterated an “underweight” rating and set a $47.00 price objective (down from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $50.91.

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Shares of Campbell Soup Company (NYSE:CPB) opened at $46.23 on Wednesday. The company has a market cap of $13,653.01, a PE ratio of 15.04, a price-to-earnings-growth ratio of 3.30 and a beta of 0.38. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.79 and a quick ratio of 0.42. Campbell Soup Company has a 12-month low of $44.99 and a 12-month high of $64.23.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 EPS. equities analysts forecast that Campbell Soup Company will post 3.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, October 13th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. Campbell Soup’s payout ratio is 48.44%.

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

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