WINTON GROUP Ltd Has $338,000 Position in Campbell Soup (CPB)
WINTON GROUP Ltd lessened its position in shares of Campbell Soup (NYSE:CPB) by 54.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,016 shares of the company’s stock after selling 8,414 shares during the period. WINTON GROUP Ltd’s holdings in Campbell Soup were worth $338,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Cordasco Financial Network acquired a new stake in Campbell Soup during the fourth quarter valued at $144,000. Whittier Trust Co. of Nevada Inc. grew its position in Campbell Soup by 199.8% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,998 shares of the company’s stock valued at $144,000 after buying an additional 1,998 shares during the period. First Personal Financial Services grew its position in Campbell Soup by 44.0% during the fourth quarter. First Personal Financial Services now owns 3,856 shares of the company’s stock valued at $186,000 after buying an additional 1,179 shares during the period. Confluence Wealth Management LLC acquired a new stake in Campbell Soup during the fourth quarter valued at $207,000. Finally, Cypress Wealth Services LLC acquired a new stake in shares of Campbell Soup in the fourth quarter valued at about $208,000. Institutional investors own 50.21% of the company’s stock.
In other Campbell Soup news, SVP Carlos Barroso sold 4,300 shares of Campbell Soup stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $48.86, for a total transaction of $210,098.00. Following the completion of the sale, the senior vice president now directly owns 29,119 shares in the company, valued at $1,422,754.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Luca Mignini purchased 4,400 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were bought at an average price of $45.53 per share, with a total value of $200,332.00. Following the completion of the transaction, the insider now owns 87,814 shares of the company’s stock, valued at $3,998,171.42. The disclosure for this purchase can be found here. Insiders have sold 15,284 shares of company stock worth $741,399 over the last ninety days. 37.20% of the stock is owned by insiders.
Campbell Soup (NYSE:CPB) opened at $43.94 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.35. The firm has a market cap of $13,103.46, a PE ratio of 14.39, a PEG ratio of 2.66 and a beta of 0.38. Campbell Soup has a 52 week low of $41.78 and a 52 week high of $59.60.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Friday, February 16th. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.19. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. Campbell Soup had a net margin of 13.41% and a return on equity of 54.10%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. research analysts anticipate that Campbell Soup will post 3.1 EPS for the current year.
Campbell Soup announced that its Board of Directors has authorized a share repurchase plan on Monday, December 18th that authorizes the company to buyback shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
About Campbell Soup
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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