Associated Banc Corp Acquires New Holdings in Campbell Soup (CPB)

Associated Banc Corp acquired a new position in Campbell Soup (NYSE:CPB) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,365 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc boosted its position in shares of Campbell Soup by 1.1% during the third quarter. Vanguard Group Inc now owns 20,757,540 shares of the company’s stock worth $760,348,000 after acquiring an additional 221,311 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Campbell Soup during the fourth quarter valued at $233,000. Virtu Financial LLC raised its stake in Campbell Soup by 142.3% during the fourth quarter. Virtu Financial LLC now owns 16,605 shares of the company’s stock valued at $548,000 after purchasing an additional 9,752 shares in the last quarter. Personal Capital Advisors Corp raised its stake in Campbell Soup by 33.7% during the fourth quarter. Personal Capital Advisors Corp now owns 22,642 shares of the company’s stock valued at $747,000 after purchasing an additional 5,708 shares in the last quarter. Finally, Sicart Associates LLC raised its stake in Campbell Soup by 16.7% during the fourth quarter. Sicart Associates LLC now owns 144,910 shares of the company’s stock valued at $4,781,000 after purchasing an additional 20,750 shares in the last quarter. Institutional investors own 52.13% of the company’s stock.

A number of research firms recently issued reports on CPB. ValuEngine raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Bank of America set a $30.00 price target on shares of Campbell Soup and gave the company a “sell” rating in a research note on Thursday, February 28th. Finally, Zacks Investment Research downgraded shares of Campbell Soup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.67.

Campbell Soup stock opened at $39.13 on Friday. The firm has a market cap of $11.72 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. The company has a current ratio of 0.70, a quick ratio of 0.37 and a debt-to-equity ratio of 6.26. Campbell Soup has a 52-week low of $32.03 and a 52-week high of $43.98.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, February 27th. The company reported $0.77 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, equities research analysts predict that Campbell Soup will post 2.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, April 11th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Wednesday, April 10th. Campbell Soup’s dividend payout ratio is currently 48.78%.

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About Campbell Soup

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

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