Glenview Trust Co acquired a new stake in Campbell Soup Company (NYSE:CPB) during the fourth quarter, Holdings Channel reports. The firm acquired 15,548 shares of the company’s stock, valued at approximately $940,000.
A number of other large investors have also bought and sold shares of the company. City Holding Co. raised its stake in Campbell Soup Company by 86.3% in the third quarter. City Holding Co. now owns 2,590 shares of the company’s stock valued at $142,000 after buying an additional 1,200 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Campbell Soup Company by 1,708.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,803 shares of the company’s stock valued at $153,000 after buying an additional 2,648 shares in the last quarter. Winch Advisory Services LLC purchased a new position in shares of Campbell Soup Company during the third quarter valued at about $164,000. Van ECK Associates Corp increased its position in shares of Campbell Soup Company by 22.9% in the fourth quarter. Van ECK Associates Corp now owns 2,918 shares of the company’s stock valued at $176,000 after buying an additional 543 shares in the last quarter. Finally, Vicus Capital increased its position in shares of Campbell Soup Company by 0.3% in the third quarter. Vicus Capital now owns 3,707 shares of the company’s stock valued at $203,000 after buying an additional 12 shares in the last quarter. 42.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Campbell Soup Company (NYSE:CPB) traded down 0.49% during mid-day trading on Tuesday, hitting $63.12. 738,333 shares of the stock were exchanged. Campbell Soup Company has a 52-week low of $52.59 and a 52-week high of $67.89. The company has a market cap of $19.38 billion, a P/E ratio of 29.66 and a beta of 0.46. The stock’s 50-day moving average price is $62.01 and its 200-day moving average price is $58.16.
Campbell Soup Company (NYSE:CPB) last posted its earnings results on Tuesday, November 22nd. The company reported $1.00 EPS for the quarter, beating the Zacks’ 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 company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. Campbell Soup Company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts anticipate that Campbell Soup Company will post $3.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 30th. Shareholders of record on Wednesday, January 11th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.21%. Campbell Soup Company’s dividend payout ratio (DPR) is presently 66.04%.
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Several research analysts have recently issued reports on CPB shares. Zacks Investment Research upgraded shares of Campbell Soup Company from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. 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 note on Wednesday, November 23rd. RBC Capital Markets reiterated a “sector perform” rating and issued a $60.00 target price (up previously from $58.00) on shares of Campbell Soup Company in a research note on Monday, November 28th. TheStreet upgraded shares of Campbell Soup Company from a “hold” rating to a “buy” rating in a research note on Tuesday, November 22nd. Finally, Royal Bank Of Canada upped 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 note on Monday, November 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $60.75.
In other Campbell Soup Company news, insider Carlos Barroso sold 9,130 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $60.92, for a total transaction of $556,199.60. Following the sale, the insider now directly owns 43,904 shares in the company, valued at $2,674,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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