Catalyst Capital Advisors LLC lifted its position in shares of Campbell Soup (NYSE:CPB) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,000 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in Campbell Soup were worth $1,539,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Campbell Soup by 16.0% in the third quarter. Bank of New York Mellon Corp now owns 6,493,192 shares of the company’s stock worth $304,011,000 after buying an additional 897,314 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of Campbell Soup by 7.4% during the fourth quarter. APG Asset Management N.V. now owns 3,808,869 shares of the company’s stock valued at $152,602,000 after purchasing an additional 263,300 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Campbell Soup by 14.9% during the third quarter. Schroder Investment Management Group now owns 3,560,628 shares of the company’s stock valued at $167,527,000 after purchasing an additional 463,010 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Campbell Soup by 80,239.5% during the third quarter. Bessemer Group Inc. now owns 3,445,763 shares of the company’s stock valued at $161,331,000 after purchasing an additional 3,441,474 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Campbell Soup by 215.7% during the fourth quarter. LSV Asset Management now owns 3,095,193 shares of the company’s stock valued at $148,909,000 after purchasing an additional 2,114,693 shares in the last quarter. Institutional investors own 49.56% of the company’s stock.
In other Campbell Soup news, Director Randall W. Larrimore sold 2,242 shares of Campbell Soup stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.69, for a total value of $109,162.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward Carolan sold 6,500 shares of Campbell Soup stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total transaction of $312,975.00. Following the completion of the sale, the insider now owns 41,506 shares in the company, valued at $1,998,513.90. The disclosure for this sale can be found here. Insiders have sold a total of 15,284 shares of company stock worth $741,399 over the last 90 days. Insiders own 37.20% of the company’s stock.
Shares of Campbell Soup (CPB) traded up $0.06 during trading on Thursday, hitting $43.14. 2,163,672 shares of the stock traded hands, compared to its average volume of 3,440,000. The stock has a market cap of $12,970.00, a PE ratio of 14.05, a PEG ratio of 2.95 and a beta of 0.38. Campbell Soup has a 1-year low of $41.78 and a 1-year high of $59.60. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 1.15.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, February 16th. The company reported $1.00 EPS for the quarter, beating 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 was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. equities research analysts expect that Campbell Soup will post 3.1 EPS for the current fiscal year.
Campbell Soup announced that its board has authorized a share repurchase program on Monday, December 18th that allows the company to repurchase outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Tuesday, February 20th. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada reissued a “hold” rating and set a $53.00 price target (down previously from $55.00) on shares of Campbell Soup in a research report on Wednesday, November 22nd. Wolfe Research assumed coverage on shares of Campbell Soup in a research report on Friday, January 26th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $50.00 target price on shares of Campbell Soup in a report on Friday, December 15th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $50.27.
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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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