Candriam Luxembourg S.C.A. increased its stake in Campbell Soup Company (NYSE:CPB) by 39.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,378 shares of the company’s stock after buying an additional 195,795 shares during the period. Campbell Soup accounts for about 0.7% of Candriam Luxembourg S.C.A.’s holdings, making the stock its 24th largest position. Candriam Luxembourg S.C.A. owned about 0.23% of Campbell Soup worth $35,953,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Vicus Capital raised its stake in shares of Campbell Soup by 6.1% in the first quarter. Vicus Capital now owns 3,686 shares of the company’s stock worth $211,000 after buying an additional 213 shares in the last quarter. Viking Fund Management LLC acquired a new stake in shares of Campbell Soup during the first quarter worth $973,000. Pennsylvania Trust Co raised its stake in shares of Campbell Soup by 12.5% in the first quarter. Pennsylvania Trust Co now owns 14,384 shares of the company’s stock worth $823,000 after buying an additional 1,594 shares in the last quarter. National Pension Service raised its stake in shares of Campbell Soup by 18.1% in the first quarter. National Pension Service now owns 188,709 shares of the company’s stock worth $10,777,000 after buying an additional 28,908 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Campbell Soup by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 59,118 shares of the company’s stock worth $3,383,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 44.21% of the company’s stock.
Campbell Soup Company (NYSE CPB) opened at 53.01 on Friday. Campbell Soup Company has a 52 week low of $50.62 and a 52 week high of $64.23. The stock has a market cap of $16.07 billion, a PE ratio of 33.47 and a beta of 0.34. The firm’s 50-day moving average price is $52.93 and its 200-day moving average price is $57.39.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, May 19th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.05. Campbell Soup had a return on equity of 59.83% and a net margin of 6.17%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts predict that Campbell Soup Company will post $3.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 13th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $1.40 annualized dividend and a yield of 2.64%. Campbell Soup’s dividend payout ratio (DPR) is currently 88.05%.
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A number of equities research analysts have recently weighed in on CPB shares. Credit Suisse Group reiterated a “sell” rating on shares of Campbell Soup in a research report on Wednesday, May 24th. Zacks Investment Research lowered Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub lowered Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Morgan Stanley cut their price objective on Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $55.00 price objective (down from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $57.24.
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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