Campbell Soup (CPB) Shares Sold by Martingale Asset Management L P

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Martingale Asset Management L P cut its stake in shares of Campbell Soup (NYSE:CPB) by 26.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,204 shares of the company’s stock after selling 2,599 shares during the period. Martingale Asset Management L P’s holdings in Campbell Soup were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPB. Csenge Advisory Group acquired a new stake in Campbell Soup in the third quarter valued at approximately $33,000. Flagship Harbor Advisors LLC lifted its stake in Campbell Soup by 49.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,283 shares of the company’s stock valued at $42,000 after acquiring an additional 425 shares during the last quarter. Doyle Wealth Management acquired a new stake in Campbell Soup in the fourth quarter valued at approximately $53,000. Pearl River Capital LLC acquired a new stake in Campbell Soup in the fourth quarter valued at approximately $126,000. Finally, Amussen Hunsaker Associates LLC acquired a new stake in Campbell Soup in the third quarter valued at approximately $188,000. 51.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Campbell Soup stock opened at $36.01 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.70 and a debt-to-equity ratio of 6.26. Campbell Soup has a 1-year low of $32.03 and a 1-year high of $44.47. The firm has a market capitalization of $10.84 billion, a PE ratio of 12.55, a PEG ratio of 2.36 and a beta of 0.42.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. Campbell Soup had a negative net margin of 1.68% and a positive return on equity of 55.51%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the previous year, the company earned $1.00 earnings per share. Campbell Soup’s revenue for the quarter was up 24.4% on a year-over-year basis. As a group, analysts anticipate that Campbell Soup will post 2.48 EPS for the current year.

A number of analysts have issued reports on the stock. ValuEngine upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Credit Suisse Group set a $33.00 target price on shares of Campbell Soup and gave the company a “sell” rating in a research note on Tuesday, November 20th. Zacks Investment Research cut shares of Campbell Soup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Piper Jaffray Companies set a $37.00 target price on shares of Campbell Soup and gave the company a “sell” rating in a research note on Monday, November 26th. Finally, Wells Fargo & Co set a $42.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a research note on Monday, November 26th. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.08.

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Campbell Soup Company 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; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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

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