Sicart Associates LLC cut its position in shares of Campbell Soup (NYSE:CPB) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,710 shares of the company’s stock after selling 6,280 shares during the quarter. Campbell Soup accounts for 2.3% of Sicart Associates LLC’s portfolio, making the stock its 15th biggest holding. Sicart Associates LLC’s holdings in Campbell Soup were worth $5,558,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Roble Belko & Company Inc acquired a new stake in Campbell Soup during the first quarter valued at approximately $27,000. Creative Financial Designs Inc. ADV acquired a new stake in Campbell Soup during the first quarter valued at approximately $31,000. CWM LLC boosted its holdings in Campbell Soup by 319.5% during the first quarter. CWM LLC now owns 839 shares of the company’s stock valued at $32,000 after purchasing an additional 639 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Campbell Soup by 52.2% during the first quarter. Parallel Advisors LLC now owns 860 shares of the company’s stock valued at $33,000 after purchasing an additional 295 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Campbell Soup during the first quarter valued at approximately $39,000. 51.93% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on CPB shares. Evercore ISI started coverage on Campbell Soup in a report on Tuesday, June 11th. They set an “in-line” rating and a $43.00 price objective on the stock. Barclays reissued a “sell” rating and issued a $43.00 target price on shares of Campbell Soup in a report on Sunday, June 16th. Credit Suisse Group boosted their target price on Campbell Soup from $30.00 to $36.00 and gave the stock an “underperform” rating in a report on Thursday, June 6th. Bank of America reissued an “underperform” rating and issued a $32.00 target price on shares of Campbell Soup in a report on Friday, June 14th. Finally, Wells Fargo & Co boosted their target price on Campbell Soup from $38.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, June 6th. Seven investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus target price of $40.36.
CPB stock traded up $0.10 during trading on Friday, hitting $42.21. The company had a trading volume of 105,158 shares, compared to its average volume of 1,377,027. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62. The company has a 50-day simple moving average of $41.11. Campbell Soup has a 12 month low of $32.03 and a 12 month high of $43.98. The company has a market cap of $12.68 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 3.27 and a beta of 0.53.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.09. Campbell Soup had a net margin of 3.19% and a return on equity of 54.23%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the company posted $0.70 EPS. Campbell Soup’s revenue was up 16.0% on a year-over-year basis. Equities research analysts predict that Campbell Soup will post 2.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, July 12th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, July 11th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.
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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