WINTON GROUP Ltd lessened its stake in shares of Campbell Soup Company (NYSE:CPB) by 58.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,430 shares of the company’s stock after selling 22,119 shares during the period. WINTON GROUP Ltd’s holdings in Campbell Soup were worth $722,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Motco boosted its holdings in shares of Campbell Soup by 301.9% in the 2nd quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after acquiring an additional 1,600 shares during the last quarter. First Personal Financial Services boosted its holdings in shares of Campbell Soup by 180.9% in the 3rd quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after acquiring an additional 1,724 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Campbell Soup in the 3rd quarter valued at $175,000. Victory Capital Management Inc. boosted its holdings in shares of Campbell Soup by 6.1% in the 2nd quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after acquiring an additional 213 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its holdings 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 worth $201,000 after buying an additional 227 shares in the last quarter. 46.04% of the stock is currently owned by institutional investors.
Shares of Campbell Soup Company (NYSE:CPB) traded down $0.35 during midday trading on Friday, hitting $48.11. 1,127,472 shares of the stock were exchanged, compared to its average volume of 2,679,266. The firm has a market capitalization of $14,567.42, a PE ratio of 16.82, a price-to-earnings-growth ratio of 3.81 and a beta of 0.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39. Campbell Soup Company has a 1-year low of $44.99 and a 1-year high of $64.23.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.91%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s payout ratio is currently 48.95%.
Campbell Soup declared that its Board of Directors has authorized a stock buyback program on Monday, December 18th that authorizes the company to buyback shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of brokerages recently issued reports on CPB. Citigroup reissued a “neutral” rating and set a $54.00 price target (up from $50.00) on shares of Campbell Soup in a report on Wednesday, December 20th. JPMorgan Chase & Co. reissued a “hold” rating and set a $50.00 price target on shares of Campbell Soup in a report on Friday, December 15th. Piper Jaffray Companies set a $49.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a report on Tuesday, November 28th. Credit Suisse Group set a $41.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a report on Friday, November 24th. Finally, Royal Bank of Canada restated a “hold” rating and set a $53.00 price objective (down from $55.00) on shares of Campbell Soup in a research report on Wednesday, November 22nd. Seven investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Campbell Soup has a consensus rating of “Hold” and an average target price of $49.83.
In related news, insider Edward Carolan sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total transaction of $312,975.00. Following the completion of the sale, the insider now directly owns 41,506 shares in the company, valued at $1,998,513.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was 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. Over the last 90 days, insiders have sold 15,346 shares of company stock valued at $739,280. 37.20% of the stock is owned by company insiders.
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Campbell Soup 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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