Toronto Dominion Bank boosted its holdings in shares of Campbell Soup Company (NYSE:CPB) by 24.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,868 shares of the company’s stock after purchasing an additional 12,598 shares during the quarter. Toronto Dominion Bank’s holdings in Campbell Soup were worth $3,382,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in CPB. Motco raised its stake in Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after purchasing an additional 1,600 shares in the last quarter. Mercer Capital Advisers Inc. raised its stake in Campbell Soup by 13.6% during the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after purchasing an additional 405 shares in the last quarter. Victory Capital Management Inc. raised its stake in Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after purchasing an additional 213 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in Campbell Soup by 6.3% during the second quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock valued at $201,000 after purchasing an additional 227 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in Campbell Soup during the second quarter valued at $210,000. 44.65% of the stock is currently owned by institutional investors.
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A number of equities research analysts recently issued reports on CPB shares. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Morgan Stanley reaffirmed an “underweight” rating and set a $47.00 price target (down previously from $52.00) on shares of Campbell Soup in a research note on Friday, September 1st. Credit Suisse Group reaffirmed a “sell” rating and set a $43.00 price target (down previously from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st. Royal Bank Of Canada downgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating in a research note on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) decreased their price target on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Sunday, September 3rd. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.91.
Campbell Soup Company (CPB) opened at 45.97 on Friday. Campbell Soup Company has a 52-week low of $45.00 and a 52-week high of $64.23. The company has a market cap of $13.82 billion, a PE ratio of 15.91 and a beta of 0.36. The firm’s 50-day moving average is $46.66 and its 200-day moving average is $52.81.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Campbell Soup Company will post $3.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.05%. Campbell Soup’s dividend payout ratio is presently 48.44%.
In related news, insider Luca Mignini acquired 4,300 shares of Campbell Soup stock in a transaction that occurred on Wednesday, September 27th. The shares were purchased at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the acquisition, the insider now owns 88,178 shares in the company, valued at $4,097,631.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles R. Perrin sold 2,304 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is owned by insiders.
Campbell Soup 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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