Fruth Investment Management Sells 900 Shares of Campbell Soup (NYSE:CPB)

Share on StockTwits

Fruth Investment Management decreased its holdings in Campbell Soup (NYSE:CPB) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,000 shares of the company’s stock after selling 900 shares during the period. Fruth Investment Management’s holdings in Campbell Soup were worth $444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CPB. Price T Rowe Associates Inc. MD increased its stake in shares of Campbell Soup by 34.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,079,326 shares of the company’s stock valued at $203,529,000 after purchasing an additional 1,306,435 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Campbell Soup during the 2nd quarter valued at $39,377,000. Vanguard Group Inc. boosted its holdings in shares of Campbell Soup by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 20,494,448 shares of the company’s stock valued at $821,213,000 after acquiring an additional 893,192 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Campbell Soup by 96.9% during the 2nd quarter. Renaissance Technologies LLC now owns 720,800 shares of the company’s stock valued at $28,882,000 after acquiring an additional 354,700 shares in the last quarter. Finally, WBI Investments Inc. acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at $13,767,000. Institutional investors own 50.78% of the company’s stock.

Several equities research analysts recently weighed in on the company. Credit Suisse Group raised their price objective on Campbell Soup from $41.00 to $43.00 and gave the company an “underperform” rating in a report on Thursday, December 5th. Wells Fargo & Co raised their price objective on Campbell Soup from $45.00 to $48.00 and gave the company a “market perform” rating in a report on Thursday, December 5th. Royal Bank of Canada reissued a “buy” rating and set a $55.00 price objective on shares of Campbell Soup in a report on Thursday, December 5th. Deutsche Bank assumed coverage on Campbell Soup in a report on Wednesday, December 11th. They set a “hold” rating and a $50.00 price objective on the stock. Finally, ValuEngine downgraded Campbell Soup from a “hold” rating to a “sell” rating in a report on Monday, December 30th. Five 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’s stock. The company has an average rating of “Hold” and an average target price of $45.58.

CPB traded up $0.11 during midday trading on Friday, hitting $47.73. 1,338,700 shares of the company were exchanged, compared to its average volume of 2,172,257. The firm has a market capitalization of $14.28 billion, a P/E ratio of 20.75, a P/E/G ratio of 3.14 and a beta of 0.43. Campbell Soup has a 1-year low of $32.17 and a 1-year high of $49.56. The firm’s 50 day moving average price is $48.06 and its 200-day moving average price is $45.23. The company has a quick ratio of 0.34, a current ratio of 0.60 and a debt-to-equity ratio of 5.37.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, December 4th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.20 billion. Campbell Soup had a return on equity of 64.48% and a net margin of 2.07%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. On average, sell-side analysts predict that Campbell Soup will post 2.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, January 7th. Campbell Soup’s payout ratio is presently 60.87%.

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

See Also: Outstanding Shares, Buying and Selling 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.