Campbell Soup (NYSE:CPB) Shares Bought by Seeyond

Seeyond boosted its holdings in shares of Campbell Soup (NYSE:CPB) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 40,769 shares of the company’s stock after buying an additional 280 shares during the quarter. Seeyond’s holdings in Campbell Soup were worth $1,634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norinchukin Bank The increased its stake in shares of Campbell Soup by 3.6% during the 1st quarter. Norinchukin Bank The now owns 36,566 shares of the company’s stock worth $1,394,000 after purchasing an additional 1,273 shares in the last quarter. Enlightenment Research LLC acquired a new stake in Campbell Soup during the 2nd quarter valued at $228,000. Trexquant Investment LP acquired a new stake in Campbell Soup during the 2nd quarter valued at $3,235,000. First Trust Advisors LP increased its position in Campbell Soup by 30.6% during the first quarter. First Trust Advisors LP now owns 991,974 shares of the company’s stock worth $37,824,000 after buying an additional 232,463 shares in the last quarter. Finally, Alphasimplex Group LLC increased its position in Campbell Soup by 9.1% during the first quarter. Alphasimplex Group LLC now owns 37,124 shares of the company’s stock worth $1,416,000 after buying an additional 3,111 shares in the last quarter. 52.20% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the company. Piper Jaffray Companies raised Campbell Soup from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $40.00 to $45.00 in a report on Tuesday, September 3rd. Barclays reaffirmed a “sell” rating and set a $43.00 price objective on shares of Campbell Soup in a research note on Sunday, June 16th. Citigroup lifted their price objective on Campbell Soup from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Wells Fargo & Co reiterated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Friday, August 30th. Finally, Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating and set a $45.00 target price for the company in a research note on Friday, June 7th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.45.

Shares of Campbell Soup stock traded up $0.40 during trading hours on Wednesday, reaching $46.29. 1,658,891 shares of the company’s stock were exchanged, compared to its average volume of 2,496,919. Campbell Soup has a 52-week low of $32.03 and a 52-week high of $48.03. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.93 and a beta of 0.45. The company has a fifty day moving average of $42.76 and a 200-day moving average of $39.78. The company has a current ratio of 0.58, a quick ratio of 0.36 and a debt-to-equity ratio of 6.39.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.08. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. Campbell Soup had a return on equity of 62.59% and a net margin of 2.25%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities research analysts anticipate that Campbell Soup will post 2.53 earnings per share for the current fiscal year.

In other Campbell Soup news, insider Robert Furbee sold 6,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $40.10, for a total transaction of $240,600.00. Following the transaction, the insider now owns 18,015 shares of the company’s stock, valued at $722,401.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Randall W. Larrimore sold 3,400 shares of Campbell Soup 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. Over the last three months, insiders sold 19,132 shares of company stock worth $780,333. 37.20% of the stock is owned by corporate insiders.

Campbell Soup Company 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.

Featured Article: What is a good dividend yield?

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NYSE:CPB).

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

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.