Wright Investors Service Inc. Invests $878,000 in Campbell Soup (NYSE:CPB)

Wright Investors Service Inc. bought a new position in Campbell Soup (NYSE:CPB) in the 2nd quarter, HoldingsChannel reports. The fund bought 21,912 shares of the company’s stock, valued at approximately $878,000.

Several other institutional investors have also modified their holdings of the company. Advisory Services Network LLC raised its holdings in Campbell Soup by 3,961.6% during the second quarter. Advisory Services Network LLC now owns 34,524 shares of the company’s stock valued at $1,383,000 after buying an additional 33,674 shares in the last quarter. Coastal Investment Advisors Inc. raised its position in Campbell Soup by 31.6% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 3,750 shares of the company’s stock worth $150,000 after purchasing an additional 900 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Campbell Soup in the 2nd quarter worth approximately $31,379,000. Tdam USA Inc. raised its position in Campbell Soup by 2.7% in the 2nd quarter. Tdam USA Inc. now owns 10,039 shares of the company’s stock worth $402,000 after purchasing an additional 260 shares during the last quarter. Finally, Keybank National Association OH raised its position in Campbell Soup by 93.0% in the 2nd quarter. Keybank National Association OH now owns 41,457 shares of the company’s stock worth $1,661,000 after purchasing an additional 19,981 shares during the last quarter. 52.17% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on CPB shares. Evercore ISI started coverage on shares of Campbell Soup in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $43.00 price objective for the company. Barclays restated a “sell” rating and issued a $43.00 price objective on shares of Campbell Soup in a research report on Sunday, June 16th. Wells Fargo & Co boosted their price objective on shares of Campbell Soup from $38.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, June 6th. UBS Group set a $36.00 price objective on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Thursday, June 6th. Finally, ValuEngine upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $39.60.

In other Campbell Soup news, VP Stanley Polomski sold 9,732 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $41.01, for a total transaction of $399,109.32. Following the completion of the sale, the vice president now owns 24,540 shares in the company, valued at approximately $1,006,385.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randall W. Larrimore sold 3,400 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $41.36, for a total transaction of $140,624.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,132 shares of company stock valued at $780,333 in the last quarter. Corporate insiders own 37.20% of the company’s stock.

Shares of Campbell Soup stock traded up $0.49 on Thursday, hitting $41.95. 31,183 shares of the company’s stock traded hands, compared to its average volume of 1,520,189. The firm has a 50-day moving average price of $41.26. The company has a market cap of $12.49 billion, a PE ratio of 14.64, a PEG ratio of 3.25 and a beta of 0.51. Campbell Soup has a one year low of $32.03 and a one year high of $43.66. The company has a quick ratio of 0.36, a current ratio of 0.62 and a debt-to-equity ratio of 6.07.

Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, June 5th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.47 by $0.09. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Campbell Soup had a net margin of 3.19% and a return on equity of 54.23%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. Research analysts expect that Campbell Soup will post 2.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, July 12th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Thursday, July 11th. Campbell Soup’s payout ratio is 48.78%.

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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