Zebra Capital Management LLC Has $717,000 Stake in Campbell Soup (CPB)

Share on StockTwits

Zebra Capital Management LLC lessened its stake in shares of Campbell Soup (NYSE:CPB) by 19.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,689 shares of the company’s stock after selling 4,369 shares during the quarter. Zebra Capital Management LLC’s holdings in Campbell Soup were worth $717,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Mackay Shields LLC bought a new stake in Campbell Soup in the 1st quarter worth about $1,402,000. Victory Capital Management Inc. grew its position in Campbell Soup by 11.5% in the 1st quarter. Victory Capital Management Inc. now owns 206,822 shares of the company’s stock worth $8,957,000 after purchasing an additional 21,266 shares in the last quarter. Prudential Financial Inc. grew its position in Campbell Soup by 19.9% in the 1st quarter. Prudential Financial Inc. now owns 323,818 shares of the company’s stock worth $14,024,000 after purchasing an additional 53,706 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Campbell Soup by 44.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,192,811 shares of the company’s stock worth $51,661,000 after purchasing an additional 366,716 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in Campbell Soup by 36.3% in the 1st quarter. Neuberger Berman Group LLC now owns 41,823 shares of the company’s stock worth $1,859,000 after purchasing an additional 11,146 shares in the last quarter. Institutional investors and hedge funds own 54.98% of the company’s stock.

CPB has been the subject of a number of research reports. Bank of America downgraded shares of Campbell Soup from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $34.37 to $31.00 in a research report on Monday, May 21st. Credit Suisse Group downgraded shares of Campbell Soup from an “underperform” rating to a “sell” rating and reduced their target price for the company from $38.00 to $30.00 in a research report on Sunday, May 20th. Barclays reduced their target price on shares of Campbell Soup from $47.00 to $33.00 and set an “underweight” rating for the company in a research report on Monday, May 21st. Royal Bank of Canada reduced their target price on shares of Campbell Soup to $40.00 and set a “sector perform” rating for the company in a research report on Monday, May 21st. Finally, Stifel Nicolaus reduced their target price on shares of Campbell Soup from $44.00 to $35.00 and set a “hold” rating for the company in a research report on Monday, May 21st. Twelve investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Sell” and a consensus target price of $40.07.

CPB opened at $41.29 on Friday. The company has a market capitalization of $12.11 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 2.77 and a beta of 0.20. Campbell Soup has a 12 month low of $32.63 and a 12 month high of $51.07. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 5.83.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Thursday, August 30th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. Campbell Soup’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. equities analysts expect that Campbell Soup will post 2.47 earnings per share for the current year.

About Campbell Soup

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.

See Also: How Do I Invest in Dividend Stocks

Want to see what other hedge funds are holding CPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Campbell Soup (NYSE:CPB).

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

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply