Campbell Soup Company (NYSE:CPB) Stake Boosted by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its position in Campbell Soup Company (NYSE:CPB) by 39.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 689,378 shares of the company’s stock after buying an additional 195,795 shares during the period. Campbell Soup comprises 0.7% of Candriam Luxembourg S.C.A.’s portfolio, 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 quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Campbell Soup by 2,522.6% in the first quarter. BlackRock Inc. now owns 14,676,936 shares of the company’s stock valued at $840,105,000 after buying an additional 14,117,312 shares during the period. Waldron LP raised its stake in shares of Campbell Soup by 9,981.3% in the first quarter. Waldron LP now owns 3,730,196 shares of the company’s stock valued at $225,418,000 after buying an additional 3,693,195 shares during the period. Schroder Investment Management Group raised its stake in shares of Campbell Soup by 97.2% in the first quarter. Schroder Investment Management Group now owns 2,917,189 shares of the company’s stock valued at $166,601,000 after buying an additional 1,438,025 shares during the period. Alliancebernstein L.P. raised its stake in shares of Campbell Soup by 33.3% in the first quarter. Alliancebernstein L.P. now owns 3,333,547 shares of the company’s stock valued at $190,812,000 after buying an additional 833,687 shares during the period. Finally, Gotham Asset Management LLC raised its stake in shares of Campbell Soup by 922.3% in the first quarter. Gotham Asset Management LLC now owns 641,623 shares of the company’s stock valued at $36,727,000 after buying an additional 578,860 shares during the period. Institutional investors and hedge funds own 43.63% of the company’s stock.

Shares of Campbell Soup Company (NYSE CPB) traded up 0.47% on Monday, reaching $53.86. The company’s stock had a trading volume of 573,444 shares. The company’s 50 day moving average is $52.41 and its 200-day moving average is $56.97. Campbell Soup Company has a 1-year low of $50.62 and a 1-year high of $64.23. The stock has a market cap of $16.32 billion, a PE ratio of 34.00 and a beta of 0.34.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Friday, May 19th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Campbell Soup had a net margin of 6.17% and a return on equity of 59.83%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business earned $0.65 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts predict that Campbell Soup Company will post $3.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 13th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Tuesday, July 11th. Campbell Soup’s dividend payout ratio is 88.05%.

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Several analysts have recently weighed in on CPB shares. Zacks Investment Research lowered Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Morgan Stanley cut their price objective on Campbell Soup from $55.00 to $52.00 and set an “underweight” rating for the company in a report on Tuesday, July 18th. BidaskClub downgraded Campbell Soup from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $58.00 target price (down from $62.50) on shares of Campbell Soup in a report on Tuesday, May 23rd. Finally, Credit Suisse Group set a $50.00 target price on Campbell Soup and gave the company a “sell” rating in a report on Friday, July 7th. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.24.

About Campbell Soup

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.