Campbell Soup (NYSE:CPB) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its position in shares of Campbell Soup (NYSE:CPB) by 46.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,947 shares of the company’s stock after acquiring an additional 3,149 shares during the quarter. D.A. Davidson & CO.’s holdings in Campbell Soup were worth $467,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in Campbell Soup by 290.5% during the third quarter. Tower Research Capital LLC TRC now owns 9,021 shares of the company’s stock worth $423,000 after buying an additional 6,711 shares during the period. Managed Asset Portfolios LLC grew its position in Campbell Soup by 4.2% during the third quarter. Managed Asset Portfolios LLC now owns 678,160 shares of the company’s stock worth $31,819,000 after buying an additional 27,083 shares during the period. Keybank National Association OH grew its position in Campbell Soup by 1.8% during the third quarter. Keybank National Association OH now owns 42,186 shares of the company’s stock worth $1,979,000 after buying an additional 729 shares during the period. Tibra Equities Europe Ltd acquired a new position in Campbell Soup during the third quarter worth about $2,782,000. Finally, IFM Investors Pty Ltd grew its position in Campbell Soup by 81.9% during the third quarter. IFM Investors Pty Ltd now owns 20,542 shares of the company’s stock worth $964,000 after buying an additional 9,251 shares during the period. Institutional investors and hedge funds own 51.76% of the company’s stock.

In other Campbell Soup news, SVP Adam G. Ciongoli sold 16,096 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $47.16, for a total value of $759,087.36. Following the sale, the senior vice president now owns 70,984 shares of the company’s stock, valued at $3,347,605.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 36.48% of the stock is owned by corporate insiders.

Several research analysts have weighed in on CPB shares. ValuEngine lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada started coverage on shares of Campbell Soup in a research report on Thursday, October 17th. They set an “outperform” rating and a $55.00 target price on the stock. Piper Jaffray Companies upgraded shares of Campbell Soup from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $40.00 to $45.00 in a research report on Tuesday, September 3rd. Wells Fargo & Co restated a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a research report on Friday, August 30th. Finally, Bank of America upped their target price on shares of Campbell Soup from $36.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, September 3rd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Campbell Soup has an average rating of “Hold” and an average target price of $43.50.

Shares of NYSE CPB opened at $48.04 on Tuesday. Campbell Soup has a 12-month low of $32.03 and a 12-month high of $48.38. The company has a market capitalization of $14.24 billion, a PE ratio of 20.89, a price-to-earnings-growth ratio of 3.16 and a beta of 0.43. The company has a debt-to-equity ratio of 6.39, a current ratio of 0.58 and a quick ratio of 0.33. The firm’s 50-day moving average is $46.92 and its two-hundred day moving average is $42.96.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Friday, August 30th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.08. Campbell Soup had a net margin of 2.25% and a return on equity of 62.59%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts forecast that Campbell Soup will post 2.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 10th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Wednesday, October 9th. Campbell Soup’s dividend payout ratio (DPR) is presently 60.87%.

Campbell Soup 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.

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

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