TD Asset Management Inc. Trims Position in Campbell Soup (CPB)
TD Asset Management Inc. decreased its holdings in Campbell Soup (NYSE:CPB) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,810 shares of the company’s stock after selling 109,325 shares during the quarter. TD Asset Management Inc. owned about 0.15% of Campbell Soup worth $15,169,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Csenge Advisory Group purchased a new stake in Campbell Soup in the 3rd quarter valued at $33,000. Flagship Harbor Advisors LLC raised its position in Campbell Soup by 49.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,283 shares of the company’s stock valued at $42,000 after purchasing an additional 425 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Campbell Soup by 367.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,590 shares of the company’s stock valued at $132,000 after buying an additional 2,822 shares during the period. Exane Derivatives acquired a new position in Campbell Soup in the 3rd quarter valued at $138,000. Finally, Truvestments Capital LLC acquired a new position in Campbell Soup in the 3rd quarter valued at $150,000. Hedge funds and other institutional investors own 53.14% of the company’s stock.
Shares of NYSE:CPB traded down $0.13 on Monday, reaching $34.16. 506,934 shares of the company were exchanged, compared to its average volume of 2,441,479. The company has a quick ratio of 0.35, a current ratio of 0.69 and a debt-to-equity ratio of 5.65. Campbell Soup has a 1-year low of $32.03 and a 1-year high of $48.10. The stock has a market cap of $10.32 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 2.52 and a beta of 0.43.
The business also recently declared a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Wednesday, January 9th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, January 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.10%. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.
CPB has been the topic of several recent research reports. UBS Group set a $33.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research note on Friday, November 16th. ValuEngine raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Credit Suisse Group set a $33.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research note on Tuesday, November 20th. Deutsche Bank set a $40.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a research note on Wednesday, November 21st. Finally, Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Ten analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Sell” and an average target price of $38.71.
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Campbell Soup Company 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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