Campbell Soup (CPB) Shares Bought by Aperio Group LLC

Aperio Group LLC increased its holdings in shares of Campbell Soup (NYSE:CPB) by 117.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 291,783 shares of the company’s stock after acquiring an additional 157,456 shares during the quarter. Aperio Group LLC owned approximately 0.10% of Campbell Soup worth $14,038,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CPB. State Street Corp raised its stake in shares of Campbell Soup by 0.9% in the second quarter. State Street Corp now owns 8,750,268 shares of the company’s stock valued at $456,326,000 after buying an additional 82,280 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Campbell Soup by 16.0% in the third quarter. Bank of New York Mellon Corp now owns 6,493,192 shares of the company’s stock valued at $304,011,000 after buying an additional 897,314 shares during the period. APG Asset Management N.V. raised its stake in shares of Campbell Soup by 7.4% in the fourth quarter. APG Asset Management N.V. now owns 3,808,869 shares of the company’s stock valued at $152,602,000 after buying an additional 263,300 shares during the period. Schroder Investment Management Group raised its stake in shares of Campbell Soup by 14.9% in the third quarter. Schroder Investment Management Group now owns 3,560,628 shares of the company’s stock valued at $167,527,000 after buying an additional 463,010 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Campbell Soup by 80,239.5% in the third quarter. Bessemer Group Inc. now owns 3,445,763 shares of the company’s stock valued at $161,331,000 after buying an additional 3,441,474 shares during the period. Institutional investors and hedge funds own 47.79% of the company’s stock.

In related news, SVP Carlos Barroso sold 4,300 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $48.86, for a total transaction of $210,098.00. Following the completion of the transaction, the senior vice president now directly owns 29,119 shares in the company, valued at $1,422,754.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Edward Carolan sold 6,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $48.15, for a total value of $312,975.00. Following the transaction, the insider now owns 41,506 shares of the company’s stock, valued at $1,998,513.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,284 shares of company stock valued at $741,399. 37.20% of the stock is owned by company insiders.

Campbell Soup (NYSE:CPB) opened at $47.00 on Thursday. The firm has a market capitalization of $14,023.32, a price-to-earnings ratio of 16.42, a PEG ratio of 3.67 and a beta of 0.32. Campbell Soup has a 52-week low of $43.50 and a 52-week high of $63.87. 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 (NYSE:CPB) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm posted $1.00 earnings per share. Campbell Soup’s revenue for the quarter was down 1.9% compared to the same quarter last year. analysts anticipate that Campbell Soup will post 2.95 EPS for the current year.

Campbell Soup declared that its board has approved a stock buyback program on Monday, December 18th that allows the company to buyback shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Several analysts have issued reports on CPB shares. Royal Bank of Canada set a $56.00 target price on Campbell Soup and gave the company a “hold” rating in a research note on Wednesday, October 25th. UBS Group lowered their target price on Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a research note on Thursday, November 9th. Credit Suisse Group set a $41.00 target price on Campbell Soup and gave the company a “sell” rating in a research note on Friday, November 24th. Piper Jaffray Companies set a $49.00 target price on Campbell Soup and gave the company a “hold” rating in a research note on Tuesday, November 28th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $50.00 price target on shares of Campbell Soup in a research report on Friday, December 15th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.08.

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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.

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

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