Aberdeen Asset Management PLC UK raised its stake in shares of Campbell Soup Company (NYSE:CPB) by 185.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 212,068 shares of the company’s stock after buying an additional 137,750 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Campbell Soup Company were worth $12,824,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. Dana Investment Advisors Inc. raised its stake in Campbell Soup Company by 50.9% in the second quarter. Dana Investment Advisors Inc. now owns 441,615 shares of the company’s stock valued at $29,381,000 after buying an additional 149,051 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in Campbell Soup Company by 3,342.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 6,885 shares of the company’s stock valued at $504,000 after buying an additional 6,685 shares in the last quarter. Vicus Capital raised its stake in Campbell Soup Company by 0.3% in the second quarter. Vicus Capital now owns 3,695 shares of the company’s stock valued at $246,000 after buying an additional 12 shares in the last quarter. Quantbot Technologies LP raised its stake in Campbell Soup Company by 434.9% in the second quarter. Quantbot Technologies LP now owns 57,285 shares of the company’s stock valued at $3,811,000 after buying an additional 46,575 shares in the last quarter. Finally, Courier Capital Corp raised its stake in Campbell Soup Company by 50.6% in the second quarter. Courier Capital Corp now owns 8,008 shares of the company’s stock valued at $533,000 after buying an additional 2,691 shares in the last quarter. Institutional investors and hedge funds own 42.81% of the company’s stock.
Shares of Campbell Soup Company (NYSE:CPB) traded up 0.22% during trading on Monday, hitting $63.41. 693,677 shares of the stock were exchanged. The stock’s 50 day moving average is $61.92 and its 200-day moving average is $58.20. Campbell Soup Company has a 12-month low of $52.58 and a 12-month high of $67.89. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 29.80 and a beta of 0.46.
Campbell Soup Company (NYSE:CPB) last posted its earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.05. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts anticipate that Campbell Soup Company will post $3.08 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 30th. Shareholders of record on Wednesday, January 11th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Monday, January 9th. Campbell Soup Company’s dividend payout ratio is currently 66.04%.
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Several analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Campbell Soup Company from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, January 23rd. Zacks Investment Research upgraded shares of Campbell Soup Company from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, January 10th. RBC Capital Markets restated a “sector perform” rating and set a $60.00 target price (up previously from $58.00) on shares of Campbell Soup Company in a research report on Monday, November 28th. Royal Bank Of Canada raised their target price on shares of Campbell Soup Company from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Monday, November 28th. Finally, Credit Suisse Group set a $55.00 target price on shares of Campbell Soup Company and gave the stock an “underperform” rating in a research report on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $60.75.
In other Campbell Soup Company news, SVP Carlos Barroso sold 1,000 shares of the stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $60.31, for a total transaction of $60,310.00. Following the sale, the senior vice president now owns 33,760 shares of the company’s stock, valued at approximately $2,036,065.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 37.30% of the stock is owned by corporate insiders.
About Campbell Soup Company
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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