Today, Campbell Soup Co. (CPB) Stake Raised by Obermeyer Wood Investment Counsel Lllp

Today, Campbell Soup Co. (CPB) Stake Raised by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp boosted its position in Campbell Soup Co. (NYSE:CPB) by 1.8% during the third quarter, Holdings Channel reports. The institutional investor owned 7,985 shares of the company’s stock after buying an additional 140 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Campbell Soup were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Campbell Soup by 38.6% in the second quarter. Van ECK Associates Corp now owns 1,740 shares of the company’s stock worth $116,000 after buying an additional 485 shares in the last quarter. Checchi Capital Advisers LLC raised its position in Campbell Soup by 9.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,798 shares of the company’s stock worth $120,000 after buying an additional 161 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its position in Campbell Soup by 69.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,388 shares of the company’s stock worth $159,000 after buying an additional 981 shares in the last quarter. City Holding Co. raised its position in Campbell Soup by 86.3% in the third quarter. City Holding Co. now owns 2,590 shares of the company’s stock worth $142,000 after buying an additional 1,200 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Campbell Soup by 38.1% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the company’s stock worth $193,000 after buying an additional 800 shares in the last quarter. 42.90% of the stock is owned by hedge funds and other institutional investors.

Shares of Campbell Soup Co. (NYSE:CPB) opened at 56.82 on Friday. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 31.39 and a beta of 0.40. The firm has a 50-day moving average of $54.08 and a 200 day moving average of $59.38. Campbell Soup Co. has a 52-week low of $50.54 and a 52-week high of $67.89.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.05. The company earned $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Campbell Soup had a net margin of 8.30% and a return on equity of 58.81%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. Analysts predict that Campbell Soup Co. will post $3.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Monday, January 9th. Campbell Soup’s dividend payout ratio is presently 66.04%.

A number of equities research analysts have issued reports on CPB shares. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Wednesday, November 16th. Credit Suisse Group AG reiterated a “sell” rating and issued a $60.00 target price on shares of Campbell Soup in a research report on Thursday, July 28th. Deutsche Bank AG cut their target price on shares of Campbell Soup from $63.00 to $61.00 and set a “hold” rating for the company in a research report on Friday, August 26th. cut their target price on shares of Campbell Soup from $64.00 to $59.00 and set a “market perform” rating for the company in a research report on Monday, September 12th. Finally, TheStreet upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $59.50.

In other news, insider Carlos Barroso sold 1,600 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $57.68, for a total value of $92,288.00. Following the sale, the insider now owns 46,888 shares of the company’s stock, valued at $2,704,499.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward Carolan sold 2,400 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $54.35, for a total transaction of $130,440.00. Following the completion of the sale, the insider now directly owns 49,038 shares in the company, valued at approximately $2,665,215.30. The disclosure for this sale can be found here. 37.30% of the stock is currently owned by insiders.

About Campbell Soup

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.

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