TCG Advisory Services LLC Purchases Shares of 10,500 Campbell Soup (NYSE:CPB)

TCG Advisory Services LLC acquired a new position in Campbell Soup (NYSE:CPB) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 10,500 shares of the company’s stock, valued at approximately $454,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Asset Management One Co. Ltd. lifted its position in shares of Campbell Soup by 13.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company’s stock worth $13,154,000 after purchasing an additional 36,108 shares during the period. Cerity Partners LLC boosted its position in Campbell Soup by 326.8% during the 4th quarter. Cerity Partners LLC now owns 249,316 shares of the company’s stock valued at $10,778,000 after acquiring an additional 190,901 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Campbell Soup by 7.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company’s stock worth $8,756,000 after acquiring an additional 14,271 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Campbell Soup by 8.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock worth $28,984,000 after acquiring an additional 51,819 shares in the last quarter. Finally, Washington Capital Management Inc. lifted its stake in shares of Campbell Soup by 126.2% in the 4th quarter. Washington Capital Management Inc. now owns 24,725 shares of the company’s stock valued at $1,069,000 after purchasing an additional 13,795 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

NYSE:CPB traded down $1.01 during trading hours on Friday, reaching $44.88. The company had a trading volume of 2,760,270 shares, compared to its average volume of 2,419,463. The firm’s 50 day moving average price is $43.65 and its 200-day moving average price is $42.79. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.93 and a beta of 0.23. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $55.04.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. Campbell Soup’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, analysts forecast that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.30%. Campbell Soup’s dividend payout ratio is currently 57.81%.

Analysts Set New Price Targets

A number of research firms have issued reports on CPB. JPMorgan Chase & Co. increased their price objective on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a research report on Thursday, March 14th. Evercore ISI assumed coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 price objective on the stock. DA Davidson initiated coverage on shares of Campbell Soup in a report on Friday, March 1st. They set a “buy” rating and a $48.00 target price for the company. Finally, Citigroup started coverage on Campbell Soup in a research note on Thursday, February 1st. They issued a “sell” rating and a $41.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Campbell Soup has an average rating of “Hold” and a consensus price target of $46.38.

Campbell Soup Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.