Gabelli Funds LLC lessened its stake in shares of Campbell Soup (NYSE:CPB) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 423,800 shares of the company’s stock after selling 9,000 shares during the period. Gabelli Funds LLC owned 0.14% of Campbell Soup worth $20,389,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Campbell Soup in the fourth quarter worth $299,000. Aperio Group LLC lifted its position in Campbell Soup by 117.2% in the fourth quarter. Aperio Group LLC now owns 291,783 shares of the company’s stock worth $14,038,000 after purchasing an additional 157,456 shares during the period. Victory Capital Management Inc. lifted its position in Campbell Soup by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 185,556 shares of the company’s stock worth $8,927,000 after purchasing an additional 18,249 shares during the period. CIBC World Markets Inc. lifted its position in Campbell Soup by 19.2% in the fourth quarter. CIBC World Markets Inc. now owns 12,366 shares of the company’s stock worth $595,000 after purchasing an additional 1,990 shares during the period. Finally, HL Financial Services LLC bought a new position in Campbell Soup in the fourth quarter worth $694,000. Institutional investors own 47.79% of the company’s stock.
In other Campbell Soup news, Director Randall W. Larrimore sold 2,242 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $48.69, for a total value of $109,162.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Carlos Barroso sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $48.86, for a total value of $210,098.00. Following the completion of the sale, the senior vice president now owns 29,119 shares in the company, valued at approximately $1,422,754.34. The disclosure for this sale can be found here. Insiders sold a total of 15,284 shares of company stock valued at $741,399 over the last quarter. 37.20% of the stock is owned by insiders.
Several research analysts recently commented on the company. Wolfe Research began coverage on Campbell Soup in a research report on Friday, January 26th. They issued a “market perform” rating for the company. UBS Group cut their price objective on Campbell Soup from $42.00 to $41.00 and set a “sell” rating for the company in a report on Wednesday, November 22nd. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Piper Jaffray Companies set a $49.00 price target on Campbell Soup and gave the company a “hold” rating in a report on Tuesday, November 28th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $54.00 price target (up from $50.00) on shares of Campbell Soup in a report on Wednesday, December 20th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Campbell Soup has an average rating of “Hold” and a consensus price target of $50.08.
Campbell Soup (CPB) opened at $46.96 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39. Campbell Soup has a 12-month low of $43.50 and a 12-month high of $63.87. The stock has a market capitalization of $14,023.32, a P/E ratio of 16.42, a P/E/G ratio of 3.67 and a beta of 0.32.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Campbell Soup’s revenue for the quarter was down 1.9% compared to the same quarter last year. research analysts anticipate that Campbell Soup will post 2.95 earnings per share for the current fiscal year.
Campbell Soup announced that its board has approved a stock buyback plan on Monday, December 18th that permits the company to repurchase outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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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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