Campbell Soup (CPB) Stake Decreased by Aperio Group LLC
Aperio Group LLC lessened its position in shares of Campbell Soup (NYSE:CPB) by 31.2% in the second quarter, HoldingsChannel.com reports. The fund owned 134,613 shares of the company’s stock after selling 60,968 shares during the period. Aperio Group LLC’s holdings in Campbell Soup were worth $5,457,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its position in Campbell Soup by 2.8% during the 1st quarter. LPL Financial LLC now owns 49,205 shares of the company’s stock worth $2,131,000 after purchasing an additional 1,331 shares in the last quarter. Boulegeris Investments Inc. increased its position in Campbell Soup by 5.3% in the 1st quarter. Boulegeris Investments Inc. now owns 27,746 shares of the company’s stock valued at $1,202,000 after acquiring an additional 1,385 shares during the period. Intact Investment Management Inc. increased its position in Campbell Soup by 28.0% in the 2nd quarter. Intact Investment Management Inc. now owns 6,400 shares of the company’s stock valued at $260,000 after acquiring an additional 1,400 shares during the period. Trilogy Capital Inc. increased its position in Campbell Soup by 17.3% in the 1st quarter. Trilogy Capital Inc. now owns 10,021 shares of the company’s stock valued at $434,000 after acquiring an additional 1,477 shares during the period. Finally, Wedbush Securities Inc. increased its position in Campbell Soup by 29.8% in the 1st quarter. Wedbush Securities Inc. now owns 6,650 shares of the company’s stock valued at $288,000 after acquiring an additional 1,525 shares during the period. 49.13% of the stock is owned by institutional investors.
In other news, Director Maria Teresa Hilado acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 6th. The stock was bought at an average cost of $33.22 per share, for a total transaction of $66,440.00. Following the completion of the transaction, the director now directly owns 4,330 shares in the company, valued at approximately $143,842.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 37.20% of the company’s stock.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Friday, May 18th. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.10. Campbell Soup had a net margin of 5.97% and a return on equity of 56.59%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the company posted $0.59 earnings per share. Campbell Soup’s revenue for the quarter was up 14.7% compared to the same quarter last year. research analysts anticipate that Campbell Soup will post 2.87 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 30th. Stockholders of record on Friday, July 13th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, July 12th. Campbell Soup’s dividend payout ratio (DPR) is presently 46.05%.
Several equities analysts have issued reports on CPB shares. Credit Suisse Group restated an “underperform” rating and issued a $40.00 price target on shares of Campbell Soup in a research report on Monday, April 16th. Piper Jaffray Companies set a $43.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a research report on Wednesday, April 18th. Zacks Investment Research upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, April 18th. ValuEngine cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Finally, Bank of America cut shares of Campbell Soup from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $34.37 to $31.00 in a research report on Monday, May 21st. Eleven equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Sell” and an average target price of $41.50.
Campbell Soup Profile
Campbell Soup Co engages in manufacturing and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: 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 businesses in the U.S., Canada and Latin America.
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