Dynamic Capital Management Ltd Invests $385,000 in Campbell Soup (NYSE:CPB)

Dynamic Capital Management Ltd bought a new position in Campbell Soup (NYSE:CPB) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,620 shares of the company’s stock, valued at approximately $385,000. Campbell Soup comprises 1.9% of Dynamic Capital Management Ltd’s holdings, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of CPB. Wedge Capital Management L L P NC acquired a new stake in shares of Campbell Soup during the second quarter worth about $31,379,000. State of Wisconsin Investment Board acquired a new stake in shares of Campbell Soup in the 1st quarter valued at about $17,578,000. Renaissance Technologies LLC raised its stake in shares of Campbell Soup by 96.9% in the 2nd quarter. Renaissance Technologies LLC now owns 720,800 shares of the company’s stock valued at $28,882,000 after purchasing an additional 354,700 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Campbell Soup by 31.6% in the 2nd quarter. First Trust Advisors LP now owns 1,305,692 shares of the company’s stock valued at $52,319,000 after purchasing an additional 313,718 shares in the last quarter. Finally, KBC Group NV raised its stake in Campbell Soup by 95.3% during the second quarter. KBC Group NV now owns 536,341 shares of the company’s stock worth $21,491,000 after acquiring an additional 261,650 shares during the period. Hedge funds and other institutional investors own 52.20% of the company’s stock.

In other Campbell Soup news, insider Robert Furbee sold 6,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $40.10, for a total value of $240,600.00. Following the completion of the transaction, the insider now owns 18,015 shares in the company, valued at $722,401.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Randall W. Larrimore sold 3,400 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $41.36, for a total value of $140,624.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,132 shares of company stock valued at $780,333. 37.20% of the stock is owned by corporate insiders.

CPB has been the topic of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $41.00 to $48.00 in a research note on Tuesday, September 3rd. Credit Suisse Group boosted their price target on shares of Campbell Soup from $30.00 to $36.00 and gave the stock an “underperform” rating in a research note on Thursday, June 6th. Evercore ISI initiated coverage on shares of Campbell Soup in a report on Tuesday, June 11th. They set an “in-line” rating and a $43.00 price objective for the company. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a report on Friday, June 7th. Finally, Piper Jaffray Companies upgraded shares of Campbell Soup from an “underweight” rating to a “neutral” rating and upped their price target for the company from $40.00 to $45.00 in a report on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $42.45.

CPB traded down $0.02 during midday trading on Friday, hitting $47.13. The stock had a trading volume of 460,136 shares, compared to its average volume of 2,578,870. The company has a debt-to-equity ratio of 6.39, a quick ratio of 0.36 and a current ratio of 0.58. Campbell Soup has a 1 year low of $32.03 and a 1 year high of $48.03. The business has a fifty day moving average of $42.86 and a 200 day moving average of $39.85. The company has a market cap of $14.20 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 3.01 and a beta of 0.45.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, August 30th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.08. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. Campbell Soup had a return on equity of 62.59% and a net margin of 2.25%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, equities research analysts anticipate that Campbell Soup will post 2.53 earnings per share for the current year.

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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