Campbell Soup (CPB) Shares Down 5.4%

Shares of Campbell Soup (NYSE:CPB) fell 5.4% during mid-day trading on Wednesday . The company traded as low as $35.97 and last traded at $36.32. 6,488,608 shares traded hands during trading, an increase of 61% from the average session volume of 4,021,989 shares. The stock had previously closed at $38.40.

A number of brokerages recently issued reports on CPB. ValuEngine upgraded shares of Campbell Soup from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 11th. Wells Fargo & Co reiterated a “hold” rating on shares of Campbell Soup in a report on Friday, October 5th. Credit Suisse Group decreased their price target on shares of Campbell Soup from $36.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, September 28th. Piper Jaffray Companies set a $35.00 price target on shares of Campbell Soup and gave the company an “underweight” rating in a report on Friday, September 14th. Finally, Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 5th. Twelve equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Campbell Soup has an average rating of “Sell” and an average price target of $39.87.

The company has a market capitalization of $10.92 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.23. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.31 and a current ratio of 0.64.



Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. As a group, analysts predict that Campbell Soup will post 2.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, October 12th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, October 11th. Campbell Soup’s dividend payout ratio (DPR) is 48.78%.

In related news, insider Luca Mignini acquired 5,494 shares of the firm’s stock in a transaction on Tuesday, October 2nd. The stock was bought at an average cost of $36.41 per share, with a total value of $200,036.54. Following the acquisition, the insider now directly owns 112,990 shares in the company, valued at $4,113,965.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 37.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CPB. Third Point LLC acquired a new position in shares of Campbell Soup in the 2nd quarter valued at about $224,997,000. Morgan Stanley boosted its holdings in shares of Campbell Soup by 1,223.0% in the 2nd quarter. Morgan Stanley now owns 5,721,091 shares of the company’s stock valued at $231,933,000 after buying an additional 5,288,651 shares during the period. Brandywine Managers LLC boosted its holdings in shares of Campbell Soup by 51.2% in the 2nd quarter. Brandywine Managers LLC now owns 5,609,014 shares of the company’s stock valued at $227,389,000 after buying an additional 1,900,000 shares during the period. Bank of Montreal Can acquired a new position in shares of Campbell Soup in the 2nd quarter valued at about $45,483,000. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Campbell Soup by 267.7% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,190,827 shares of the company’s stock valued at $48,277,000 after buying an additional 867,002 shares during the period. 55.07% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Company Profile (NYSE:CPB)

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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