Epoch Investment Partners Inc. Has $23.70 Million Stake in Campbell Soup Company (CPB)

Epoch Investment Partners Inc. decreased its stake in Campbell Soup Company (NYSE:CPB) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506,134 shares of the company’s stock after selling 13,659 shares during the period. Epoch Investment Partners Inc. owned 0.17% of Campbell Soup worth $23,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Motco grew its holdings in Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after purchasing an additional 1,600 shares during the period. First Personal Financial Services grew its holdings in Campbell Soup by 180.9% during the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock worth $125,000 after purchasing an additional 1,724 shares during the period. Meeder Asset Management Inc. bought a new position in Campbell Soup during the third quarter worth about $175,000. Victory Capital Management Inc. grew its holdings in Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock worth $195,000 after purchasing an additional 213 shares during the period. Finally, First Allied Advisory Services Inc. grew its holdings in Campbell Soup by 6.3% during the second quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock worth $201,000 after purchasing an additional 227 shares during the period. Institutional investors own 46.33% of the company’s stock.

Shares of Campbell Soup Company (NYSE CPB) opened at $49.83 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.42 and a debt-to-equity ratio of 1.34. The stock has a market cap of $15,122.59, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 3.82 and a beta of 0.40. Campbell Soup Company has a 1 year low of $44.99 and a 1 year high of $64.23.

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). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business earned $1.00 earnings per share. sell-side analysts anticipate that Campbell Soup Company will post 2.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be given a $0.35 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. Campbell Soup’s payout ratio is 48.95%.

In other Campbell Soup news, insider Luca Mignini purchased 4,300 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was bought at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the transaction, the insider now owns 88,178 shares in the company, valued at $4,097,631.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by insiders.

CPB has been the subject of a number of research analyst reports. Piper Jaffray Companies reiterated a “neutral” rating and set a $50.00 price target (down previously from $56.00) on shares of Campbell Soup in a report on Monday, September 11th. UBS reduced their price target on Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a report on Thursday, November 9th. Royal Bank Of Canada cut their price objective on shares of Campbell Soup from $56.00 to $55.00 and set a “sector perform” rating for the company in a research report on Monday, November 20th. Morgan Stanley cut their price objective on shares of Campbell Soup from $47.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Monday, September 4th. Seven analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $49.91.

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

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