Tudor Investment Corp Et Al Takes Position in Campbell Soup Company (CPB)

Tudor Investment Corp Et Al purchased a new stake in shares of Campbell Soup Company (NYSE:CPB) during the fourth quarter, Holdings Channel reports. The firm purchased 3,500 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also made changes to their positions in the company. Vicus Capital raised its position in shares of Campbell Soup Company by 0.3% in the third quarter. Vicus Capital now owns 3,707 shares of the company’s stock valued at $203,000 after buying an additional 12 shares in the last quarter. Chicago Equity Partners LLC raised its position in shares of Campbell Soup Company by 0.4% in the third quarter. Chicago Equity Partners LLC now owns 10,685 shares of the company’s stock valued at $584,000 after buying an additional 40 shares in the last quarter. Bank of Hawaii raised its position in shares of Campbell Soup Company by 0.7% in the third quarter. Bank of Hawaii now owns 5,635 shares of the company’s stock valued at $308,000 after buying an additional 40 shares in the last quarter. Fiera Capital Corp raised its position in shares of Campbell Soup Company by 1.5% in the fourth quarter. Fiera Capital Corp now owns 6,765 shares of the company’s stock valued at $409,000 after buying an additional 98 shares in the last quarter. Finally, Ronald Blue & Co. LLC raised its position in shares of Campbell Soup Company by 0.5% in the third quarter. Ronald Blue & Co. LLC now owns 35,791 shares of the company’s stock valued at $1,958,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 42.81% of the company’s stock.

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

Shares of Campbell Soup Company (NYSE:CPB) opened at 57.44 on Friday. Campbell Soup Company has a 12-month low of $52.59 and a 12-month high of $67.89. The company has a 50-day moving average price of $60.08 and a 200 day moving average price of $57.90. The firm has a market capitalization of $17.48 billion, a PE ratio of 35.79 and a beta of 0.46.

Campbell Soup Company (NYSE:CPB) last announced its earnings results on Friday, February 17th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The business earned $2.17 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts expect that Campbell Soup Company will post $3.06 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Wednesday, April 12th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, April 10th. This represents a $1.40 annualized dividend and a yield of 2.44%. Campbell Soup Company’s dividend payout ratio is currently 66.04%.

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Several brokerages recently weighed in on CPB. Stifel Nicolaus lifted their price target on Campbell Soup Company from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, January 23rd. Zacks Investment Research lowered Campbell Soup Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 14th. Sanford C. Bernstein lowered Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 price target for the company. in a research note on Tuesday, March 21st. Royal Bank of Canada cut their price target on Campbell Soup Company from $63.00 to $60.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 21st. Finally, Deutsche Bank AG began coverage on Campbell Soup Company in a research note on Wednesday, February 15th. They issued a “hold” rating and a $65.00 price target for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $60.63.

In related news, insider Carlos Barroso sold 9,130 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $60.92, for a total transaction of $556,199.60. Following the completion of the transaction, the insider now directly owns 43,904 shares of the company’s stock, valued at $2,674,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 37.30% of the company’s stock.

About Campbell Soup Company

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.

5 Day Chart for NYSE:CPB

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