Toronto Dominion Bank boosted its position in shares of Campbell Soup (NYSE:CPB) by 62.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,409 shares of the company’s stock after purchasing an additional 45,313 shares during the period. Toronto Dominion Bank’s holdings in Campbell Soup were worth $5,696,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CPB. Macquarie Group Ltd. grew its holdings in shares of Campbell Soup by 371.3% in the second quarter. Macquarie Group Ltd. now owns 39,223 shares of the company’s stock valued at $2,039,000 after purchasing an additional 30,900 shares in the last quarter. PGGM Investments grew its holdings in shares of Campbell Soup by 1.2% in the third quarter. PGGM Investments now owns 672,272 shares of the company’s stock valued at $31,476,000 after purchasing an additional 8,178 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Campbell Soup in the third quarter valued at approximately $1,714,000. Viking Fund Management LLC grew its holdings in shares of Campbell Soup by 11.8% in the third quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock valued at $890,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Campbell Soup in the third quarter valued at approximately $175,000. 50.21% of the stock is currently owned by institutional investors and hedge funds.
CPB has been the subject of several analyst reports. Citigroup upgraded shares of Campbell Soup from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $45.51 to $57.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $50.00 price target on shares of Campbell Soup in a report on Friday, December 15th. Piper Jaffray Companies set a $49.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a report on Tuesday, November 28th. Royal Bank of Canada reiterated a “hold” rating and set a $53.00 price target (down previously from $55.00) on shares of Campbell Soup in a report on Wednesday, November 22nd. Finally, Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.27.
Campbell Soup (CPB) traded up $0.26 during mid-day trading on Wednesday, reaching $44.20. 4,488,285 shares of the company traded hands, compared to its average volume of 3,410,000. Campbell Soup has a 1 year low of $41.78 and a 1 year high of $59.60. The stock has a market cap of $13,290.00, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 2.66 and a beta of 0.38. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.35 and a current ratio of 0.64.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, February 16th. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.19. The company had revenue of $2.18 billion during 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%. Campbell Soup’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. research analysts anticipate that Campbell Soup will post 3.1 EPS for the current year.
Campbell Soup announced that its Board of Directors has approved a share buyback plan 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. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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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.
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