Intact Investment Management Inc. Purchases Shares of 5,000 Campbell Soup (CPB)

Intact Investment Management Inc. purchased a new position in shares of Campbell Soup (NYSE:CPB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds have also modified their holdings of the company. Pittenger & Anderson Inc. lifted its holdings in shares of Campbell Soup by 10.0% during the first quarter. Pittenger & Anderson Inc. now owns 37,125 shares of the company’s stock worth $1,608,000 after buying an additional 3,390 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Campbell Soup by 36.3% during the first quarter. Neuberger Berman Group LLC now owns 41,823 shares of the company’s stock worth $1,859,000 after buying an additional 11,146 shares during the last quarter. Boulegeris Investments Inc. lifted its holdings in shares of Campbell Soup by 5.3% during the first quarter. Boulegeris Investments Inc. now owns 27,746 shares of the company’s stock worth $1,202,000 after buying an additional 1,385 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Campbell Soup by 17.2% during the first quarter. American International Group Inc. now owns 380,449 shares of the company’s stock worth $16,477,000 after buying an additional 55,950 shares during the last quarter. Finally, ING Groep NV lifted its holdings in shares of Campbell Soup by 471.2% during the first quarter. ING Groep NV now owns 167,196 shares of the company’s stock worth $7,241,000 after buying an additional 137,923 shares during the last quarter. Institutional investors own 50.18% of the company’s stock.

In related news, insider Luca Mignini purchased 4,400 shares of the stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of $45.53 per share, for a total transaction of $200,332.00. Following the completion of the transaction, the insider now directly owns 87,814 shares of the company’s stock, valued at approximately $3,998,171.42. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 37.20% of the company’s stock.

A number of brokerages have recently commented on CPB. Zacks Investment Research lowered Campbell Soup from a “buy” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group set a $38.00 price objective on Campbell Soup and gave the company a “hold” rating in a research report on Tuesday. ValuEngine cut Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Piper Jaffray set a $43.00 price objective on Campbell Soup and gave the company a “sell” rating in a research report on Wednesday, April 18th. Finally, Goldman Sachs restated a “sell” rating and set a $43.00 price objective on shares of Campbell Soup in a research report on Friday, April 13th. Seven investment 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. Campbell Soup has a consensus rating of “Hold” and an average price target of $47.82.

CPB opened at $34.37 on Friday. The company has a market cap of $11.79 billion, a PE ratio of 11.31, a PEG ratio of 2.23 and a beta of 0.33. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 1.15. Campbell Soup has a 1 year low of $34.09 and a 1 year high of $59.14.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Friday, May 18th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.10. Campbell Soup had a return on equity of 54.10% and a net margin of 13.41%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. research analysts predict that Campbell Soup will post 3.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Wednesday, April 11th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date was Tuesday, April 10th. Campbell Soup’s dividend payout ratio (DPR) is 46.05%.

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; and Campbell's tomato juices in the United States, Canada, and Latin America.

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

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