City Holding Co. boosted its position in Campbell Soup (NYSE:CPB) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,282 shares of the company’s stock after purchasing an additional 3,565 shares during the period. City Holding Co.’s holdings in Campbell Soup were worth $964,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Third Point LLC increased its stake in Campbell Soup by 16.7% in the fourth quarter. Third Point LLC now owns 21,000,000 shares of the company’s stock valued at $692,790,000 after acquiring an additional 3,000,000 shares during the last quarter. Vanguard Group Inc boosted its position in Campbell Soup by 1.1% during the third quarter. Vanguard Group Inc now owns 20,757,540 shares of the company’s stock valued at $760,348,000 after buying an additional 221,311 shares during the period. BlackRock Inc. boosted its position in Campbell Soup by 3.1% during the fourth quarter. BlackRock Inc. now owns 14,816,506 shares of the company’s stock valued at $488,794,000 after buying an additional 440,312 shares during the period. Bank of New York Mellon Corp boosted its position in Campbell Soup by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 6,723,599 shares of the company’s stock valued at $221,812,000 after buying an additional 446,435 shares during the period. Finally, Beutel Goodman & Co Ltd. boosted its position in Campbell Soup by 0.6% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,846,190 shares of the company’s stock valued at $6,880,000 after buying an additional 18,302 shares during the period. Institutional investors and hedge funds own 52.46% of the company’s stock.
Several analysts have issued reports on the stock. Bank of America set a $30.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered shares of Campbell Soup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. ValuEngine lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Campbell Soup in a report on Wednesday, January 16th. Nine research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Sell” and an average price target of $37.67.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Campbell Soup had a negative net margin of 1.68% and a positive return on equity of 55.51%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the business posted $1.00 earnings per share. Campbell Soup’s quarterly revenue was up 24.4% compared to the same quarter last year. Sell-side analysts predict that Campbell Soup will post 2.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 11th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Wednesday, April 10th. Campbell Soup’s dividend payout ratio is 48.78%.
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Campbell Soup Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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