Stifel Financial Corp increased its position in Campbell Soup Company (NYSE:CPB) by 86.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,323 shares of the company’s stock after buying an additional 8,490 shares during the period. Stifel Financial Corp’s holdings in Campbell Soup Company were worth $1,052,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Campbell Soup Company during the fourth quarter worth approximately $121,000. IFP Advisors Inc boosted its stake in shares of Campbell Soup Company by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock worth $142,000 after buying an additional 55 shares during the period. Van ECK Associates Corp boosted its stake 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 worth $176,000 after buying an additional 543 shares during the period. Whittier Trust Co. boosted its stake in shares of Campbell Soup Company by 2.8% in the first quarter. Whittier Trust Co. now owns 3,469 shares of the company’s stock worth $198,000 after buying an additional 94 shares during the period. Finally, Vicus Capital boosted its stake in shares of Campbell Soup Company by 6.1% in the first quarter. Vicus Capital now owns 3,686 shares of the company’s stock worth $211,000 after buying an additional 213 shares during the period. Institutional investors own 43.93% of the company’s stock.
Shares of Campbell Soup Company (NYSE:CPB) opened at 54.67 on Wednesday. The company has a 50 day moving average of $57.18 and a 200-day moving average of $59.00. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of 34.51 and a beta of 0.35. Campbell Soup Company has a one year low of $52.58 and a one year high of $67.89.
Campbell Soup Company (NYSE:CPB) last announced its earnings results on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.64 by $0.05. Campbell Soup Company had a net margin of 6.17% and a return on equity of 59.83%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts anticipate that Campbell Soup Company will post $3.05 earnings per share for the current year.
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A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reiterated a “market perform” rating and issued a $58.00 target price (down from $62.50) on shares of Campbell Soup Company in a research report on Tuesday, May 23rd. Piper Jaffray Companies assumed coverage on shares of Campbell Soup Company in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 target price for the company. Credit Suisse Group reiterated a “sell” rating on shares of Campbell Soup Company in a research report on Wednesday, May 24th. Sanford C. Bernstein cut shares of Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 target price for the company. in a research report on Tuesday, March 21st. Finally, Royal Bank Of Canada reduced their target price on shares of Campbell Soup Company from $63.00 to $60.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $59.95.
In other news, Director Bennett Dorrance bought 915,766 shares of the business’s stock in a transaction that occurred on Thursday, March 30th. The stock was purchased at an average price of $57.34 per share, with a total value of $52,510,022.44. Following the purchase, the director now owns 24,978 shares of the company’s stock, valued at approximately $1,432,238.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 37.30% of the company’s stock.
Campbell Soup Company Company Profile
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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