Trade Report: The 2,044 Shares of Campbell Soup Co. (CPB) are sold by Dimensional Fund Advisors LP

The 2,044 Shares of Campbell Soup Co. (CPB) are sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its position in shares of Campbell Soup Co. (NYSE:CPB) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 768,585 shares of the company’s stock after selling 2,044 shares during the period. Dimensional Fund Advisors LP owned approximately 0.25% of Campbell Soup worth $51,114,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Campbell Soup by 5.2% in the first quarter. State Street Corp now owns 8,331,473 shares of the company’s stock worth $531,469,000 after buying an additional 412,677 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Campbell Soup by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,518,175 shares of the company’s stock worth $352,004,000 after buying an additional 37,360 shares during the period. Bank of New York Mellon Corp raised its position in Campbell Soup by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 4,336,099 shares of the company’s stock worth $288,480,000 after buying an additional 16,796 shares during the period. Geode Capital Management LLC raised its position in Campbell Soup by 5.6% in the first quarter. Geode Capital Management LLC now owns 1,835,032 shares of the company’s stock worth $116,867,000 after buying an additional 97,930 shares during the period. Finally, BlackRock Group LTD raised its position in Campbell Soup by 8.6% in the first quarter. BlackRock Group LTD now owns 1,784,472 shares of the company’s stock worth $113,832,000 after buying an additional 141,544 shares during the period. Institutional investors own 43.99% of the company’s stock.

Shares of Campbell Soup Co. (NYSE:CPB) traded up 0.60% during mid-day trading on Friday, reaching $53.87. 1,987,718 shares of the company’s stock traded hands. Campbell Soup Co. has a 1-year low of $47.77 and a 1-year high of $67.89. The company has a market capitalization of $16.59 billion, a P/E ratio of 29.76 and a beta of 0.37. The firm has a 50-day moving average price of $56.73 and a 200-day moving average price of $61.45.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. Campbell Soup had a net margin of 7.07% and a return on equity of 59.50%. The company earned $1.69 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $0.43 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Campbell Soup Co. will post $3.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 7th. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.31. This represents a $1.40 dividend on an annualized basis and a yield of 2.60%. Campbell Soup’s dividend payout ratio (DPR) is presently 69.44%.

A number of research analysts have issued reports on CPB shares. Bank of America Corp. restated a “neutral” rating on shares of Campbell Soup in a report on Friday, September 2nd. Zacks Investment Research downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. Citigroup Inc. dropped their price objective on shares of Campbell Soup from $67.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, September 2nd. RBC Capital Markets reaffirmed a “sector perform” rating and set a $58.00 price objective (down previously from $62.00) on shares of Campbell Soup in a research note on Sunday, September 4th. Finally, Wells Fargo & Co. set a $59.50 price objective on shares of Campbell Soup and gave the company a “hold” rating in a research note on Sunday, September 4th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $59.83.

In other Campbell Soup news, VP William J. O’shea sold 13,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $57.74, for a total transaction of $750,620.00. Following the completion of the sale, the vice president now directly owns 28,952 shares in the company, valued at approximately $1,671,688.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carlos Barroso sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was 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 disclosure for this sale can be found here. Company insiders own 37.70% of the company’s stock.

Campbell Soup Company Profile

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