Texas Permanent School Fund Decreases Position in Campbell Soup (CPB)

Texas Permanent School Fund cut its holdings in Campbell Soup (NYSE:CPB) by 10.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,750 shares of the company’s stock after selling 4,445 shares during the period. Texas Permanent School Fund’s holdings in Campbell Soup were worth $1,278,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CPB. Third Point LLC boosted its stake in shares of Campbell Soup by 16.7% in the 4th quarter. Third Point LLC now owns 21,000,000 shares of the company’s stock valued at $692,790,000 after purchasing an additional 3,000,000 shares in the last quarter. Marshwinds Advisory Co. boosted its stake in shares of Campbell Soup by 43.1% in the 4th quarter. Marshwinds Advisory Co. now owns 38,000 shares of the company’s stock valued at $1,254,000 after purchasing an additional 11,450 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Campbell Soup by 0.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 75,125 shares of the company’s stock valued at $2,478,000 after purchasing an additional 393 shares in the last quarter. Hamilton Point Investment Advisors LLC boosted its stake in shares of Campbell Soup by 1.3% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 69,554 shares of the company’s stock valued at $2,295,000 after purchasing an additional 875 shares in the last quarter. Finally, Bell Rock Capital LLC acquired a new stake in shares of Campbell Soup in the 3rd quarter valued at approximately $1,699,000. Institutional investors and hedge funds own 51.98% of the company’s stock.

Campbell Soup stock traded up $0.34 during mid-day trading on Friday, hitting $35.98. 16,727 shares of the stock were exchanged, compared to its average volume of 2,975,246. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.37 and a current ratio of 0.70. Campbell Soup has a 12 month low of $32.03 and a 12 month high of $44.47. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.36 and a beta of 0.42.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Wednesday, February 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. Campbell Soup had a negative net margin of 1.68% and a positive return on equity of 55.51%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the business earned $1.00 EPS. The company’s revenue was up 24.4% compared to the same quarter last year. As a group, equities research analysts predict that Campbell Soup will post 2.48 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. ValuEngine lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Credit Suisse Group raised their price objective on shares of Campbell Soup from $33.00 to $36.00 and gave the company an “underperform” rating in a report on Wednesday, November 21st. Wells Fargo & Co reiterated a “hold” rating on shares of Campbell Soup in a report on Wednesday, January 16th. Deutsche Bank set a $40.00 price objective on shares of Campbell Soup and gave the company a “hold” rating in a report on Wednesday, November 21st. Finally, Bank of America set a $31.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a report on Tuesday, November 27th. Nine investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.08.

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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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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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