Commonwealth Equity Services LLC Boosts Holdings in Campbell Soup (NYSE:CPB)


Commonwealth Equity Services LLC raised its stake in shares of Campbell Soup (NYSE: CPB – Get Rating) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,775 shares of the company’s stock after purchasing an additional 6,607 during the quarter. Commonwealth Equity Services LLC’s holdings in Campbell Soup were worth $3,912,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CPB. Core Wealth Advisors Inc. acquired a new stake in Campbell Soup during the fourth quarter valued at $29,000. M&R Capital Management Inc. A new position in shares of Campbell Soup in the first quarter purchased worth about $44,000. Benjamin Edwards Inc. boosted its holdings in Campbell Soup by 101.5% in the 1st quarter. Benjamin Edwards Inc. Now owns 1,080 shares of the company’s stock valued at $48,000 after purchasing an additional 544 shares during the last quarter. Mystic Asset Management Inc. acquired a new position in Campbell Soup in the 4th quarter valued at about $74,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in shares of Campbell Soup in the 4th quarter valued at approximately $77,000. Institutional investors and hedge funds own 51.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CPB. Citigroup upped their target price on shares of Campbell Soup from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, June 9th. Stifel Nicolaus upped their target price on shares of Campbell Soup from $46.00 to $48.00 in a report on Thursday, June 9th. Credit Suisse Group upped their target price on shares of Campbell Soup to $46.00 in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Campbell Soup from $47.00 to $49.00 in a research note on Thursday, June 9th. Finally, UBS Group upped their objective price on shares of Campbell Soup to $43.00 in a research report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $46.10.

Insiders Place Their Bets

In other Campbell Soup news, VP Stanley Polomski sold 10,335 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $48.20, for a total transaction of $498,147.00. Following the sale, the vice president now directly owns 28,176 shares of the company’s stock, valued at approximately $1,358,083.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Campbell Soup news, EVP Adam G. Ciongoli sold 32,194 shares of Campbell Soup stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $49.75, for a total transaction of $1,601,651.50. Following the transaction, the executive vice president now directly owns 129,919 shares of the company’s stock, valued at $6,463,470.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Stanley Polomski sold 10,335 shares of Campbell Soup stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $48.20, for a total transaction of $498,147.00. Following the transaction, the vice president now directly owns 28,176 shares in the company, valued at $1,358,083.20. The disclosure for this sale can be found here. Insiders have sold 55,639 shares of company stock valued at $2,715,969 in the last ninety days. Insiders own 35.62% of the company’s stock.

Campbell Soup Stock Performance

NYSE:CPB opened at $49.42 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.30 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $47.81 and a two-hundred day moving average price of $46.24. Campbell Soup has a twelve month low of $39.76 and a twelve month high of $51.94. The company has a market capitalization of $14.85 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 10.60 and a beta of 0.37.

Campbell Soup (NYSE:CPB – Get Rating) last posted its earnings results on Wednesday, June 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. Campbell Soup had a net margin of 11.23% and a return on equity of 26.07%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm posted $0.57 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts expect that Campbell Soup will post 2.83 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Thursday, July 7th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, July 6th. This represents a $1.48 annualized dividend and a dividend yield of 2.99%. Campbell Soup’s dividend payout ratio is currently 47.28%.

About Campbell Soup

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Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.

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



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