Campbell Soup Company (CPB) Shares Bought by Sei Investments Co.
Sei Investments Co. lifted its holdings in shares of Campbell Soup Company (NYSE:CPB) by 202.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,967 shares of the company’s stock after acquiring an additional 27,421 shares during the quarter. Sei Investments Co.’s holdings in Campbell Soup were worth $1,919,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Campbell Soup by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 13,103,256 shares of the company’s stock valued at $683,334,000 after acquiring an additional 160,180 shares in the last quarter. State Street Corp raised its holdings in Campbell Soup by 0.9% in the 2nd quarter. State Street Corp now owns 8,750,268 shares of the company’s stock valued at $456,326,000 after acquiring an additional 82,280 shares in the last quarter. APG Asset Management N.V. raised its holdings in Campbell Soup by 50.7% in the 3rd quarter. APG Asset Management N.V. now owns 3,545,569 shares of the company’s stock valued at $166,004,000 after acquiring an additional 1,192,900 shares in the last quarter. Bessemer Group Inc. raised its holdings in Campbell Soup by 80,239.5% in the 3rd quarter. Bessemer Group Inc. now owns 3,445,763 shares of the company’s stock valued at $161,331,000 after acquiring an additional 3,441,474 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Campbell Soup by 6.2% in the 2nd quarter. Schroder Investment Management Group now owns 3,097,618 shares of the company’s stock valued at $161,045,000 after acquiring an additional 180,429 shares in the last quarter. Institutional investors and hedge funds own 46.33% of the company’s stock.
In other news, insider Luca Mignini bought 4,300 shares of the 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 acquisition, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by insiders.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the firm posted $1.00 EPS. Campbell Soup’s quarterly revenue was down 1.9% on a year-over-year basis. research analysts expect that Campbell Soup Company will post 2.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.84%. Campbell Soup’s dividend payout ratio (DPR) is currently 48.95%.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Royal Bank Of Canada dropped their price objective on Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating for the company in a report on Monday, November 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $50.00 price objective (down from $56.00) on shares of Campbell Soup in a report on Monday, September 11th. Credit Suisse Group set a $41.00 price objective on Campbell Soup and gave the company a “sell” rating in a report on Friday, November 24th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $47.00 price objective (down from $52.00) on shares of Campbell Soup in a report on Friday, September 1st. Seven analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.91.
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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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