Wedbush Securities Inc. Has $240,000 Holdings in Campbell Soup (NYSE:CPB)

Wedbush Securities Inc. cut its stake in shares of Campbell Soup (NYSE:CPB) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,125 shares of the company’s stock after selling 500 shares during the period. Wedbush Securities Inc.’s holdings in Campbell Soup were worth $240,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CPB. Centric Wealth Management bought a new stake in shares of Campbell Soup in the second quarter worth $206,000. Pennsylvania Trust Co grew its stake in shares of Campbell Soup by 33.0% in the second quarter. Pennsylvania Trust Co now owns 13,643 shares of the company’s stock worth $546,000 after purchasing an additional 3,384 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Campbell Soup by 9.1% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,185 shares of the company’s stock worth $288,000 after purchasing an additional 600 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Campbell Soup by 9.5% in the second quarter. Campbell & CO Investment Adviser LLC now owns 9,631 shares of the company’s stock worth $386,000 after purchasing an additional 832 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Campbell Soup by 15.4% in the second quarter. Xact Kapitalforvaltning AB now owns 35,545 shares of the company’s stock worth $1,424,000 after purchasing an additional 4,741 shares during the last quarter. Institutional investors own 52.18% of the company’s stock.

In other Campbell Soup news, SVP Adam G. Ciongoli sold 16,096 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $47.16, for a total transaction of $759,087.36. Following the sale, the senior vice president now owns 70,984 shares of the company’s stock, valued at $3,347,605.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 36.48% of the company’s stock.

CPB has been the topic of several analyst reports. Piper Jaffray Companies raised shares of Campbell Soup from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $40.00 to $45.00 in a research note on Tuesday, September 3rd. Royal Bank of Canada initiated coverage on shares of Campbell Soup in a research note on Thursday, October 17th. They issued an “outperform” rating and a $55.00 price objective on the stock. Citigroup boosted their price objective on shares of Campbell Soup from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Bank of America boosted their price objective on shares of Campbell Soup from $36.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, September 3rd. Finally, ValuEngine cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $43.50.

CPB traded down $0.92 during trading on Thursday, reaching $46.88. 64,595 shares of the stock traded hands, compared to its average volume of 1,782,708. The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 6.39. The stock has a market capitalization of $14.40 billion, a PE ratio of 20.39, a P/E/G ratio of 3.17 and a beta of 0.44. The stock’s 50-day moving average is $46.65 and its 200 day moving average is $42.01. Campbell Soup has a 12 month low of $32.03 and a 12 month high of $48.38.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.08. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Campbell Soup had a net margin of 2.25% and a return on equity of 62.59%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, equities research analysts anticipate that Campbell Soup will post 2.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.99%. Campbell Soup’s dividend payout ratio (DPR) is currently 60.87%.

Campbell Soup 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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