Assenagon Asset Management SA Acquires New Stake in Campbell Soup Company (CPB)

Of Vermont holds 0% in Campbell Soup Company (NYSE:CPB) or 300 shares. It turned negative, as 40 investors sold Campbell Soup Company shares while 169 reduced holdings. After $0.01 actual earnings per share reported by Express, Inc. for the previous quarter, Wall Street now forecasts 700.00% EPS growth.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Amica Retiree Med Tru has 0.05% invested in Campbell Soup Company (NYSE:CPB) for 1,294 shares. BlackRock Inc. now owns 14,676,936 shares of the company's stock valued at $840,105,000 after acquiring an additional 14,117,312 shares during the last quarter.

At the moment, the top institutional investor at Campbell Soup Company (NYSE:CPB) is Blackrock Inc., which now holds 14,437,630 shares. Vanguard Group Inc. boosted its holdings in Campbell Soup by 1.2% during the second quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Campbell Soup by 1.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company's stock valued at $240,000 after buying an additional 70 shares in the last quarter. First Allied Advisory Services Inc. lifted its stake in shares of Campbell Soup by 6.3% during the second quarter. MML Investors Services LLC now owns 6,517 shares of the company's stock valued at $340,000 after buying an additional 112 shares in the last quarter. Rodgers Brothers has 0.87% invested in Campbell Soup Company (NYSE:CPB) for 45,090 shares.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of USA and global copyright laws. O'shea sold 13,000 shares of the stock in a transaction dated Friday, September 2nd. The shares were acquired at an average cost of $46.47 per share, with a total value of $199,821.00.

It is useful for investors to take a look at what percentage of a company's shares outstanding are owned by institutional investors, specifically. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The stock of Campbell Soup Company (NYSE:CPB) earned "Sector Perform" rating by RBC Capital Markets on Friday, September 2. The disclosure for this purchase can be found here.

In the past three-month period, there have been 12 open market buys by insiders for Campbell Soup Company (CPB) and 13 sells - amounting to a total of 25 insider trades during that timeframe. Zacks Investment Research cut shares of Campbell Soup from a "hold" rating to a "sell" rating in a research report on Wednesday, July 19th. Campbell Soup had 45 analyst reports since July 23, 2015 according to SRatingsIntel. Goldman Sachs Group Inc. reiterated a "neutral" rating and set a $68.00 price target (up from $62.00) on shares of Campbell Soup in a research report on Friday, July 15th. Finally, Piper Jaffray Companies set a $50.00 price objective on Campbell Soup and gave the company a "hold" rating in a research note on Wednesday, October 11th. The stock of Campbell Soup Company (NYSE:CPB) has "Hold" rating given on Tuesday, February 21 by Stifel Nicolaus. The consensus analyst target price is $35.92. Weyerhaeuser Company has 752.63 million shares outstanding, and in the last trade has seen ATR around 0.44. Brandywine Trust Company who had been investing in Campbell Soup Co for a number of months, seems to be less bullish one the $14.46 billion market cap company. Sumitomo Mitsui Tru Incorporated reported 0.04% in Campbell Soup Company (NYSE:CPB). National Pension Service invested 0.06% in Campbell Soup Company (NYSE:CPB). The company reported $0.52 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.55 by ($0.03). The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. During the same period a year ago, the firm earned $0.46 EPS. Analysts anticipate that Campbell Soup Company will post $3.05 EPS for the current fiscal year.

More recent Campbell Soup Company (NYSE:CPB) news were published by: which released: "Nestle follows Campbell Soup in quitting food manufacturer lobby group" on October 24, 2017. Shareholders of record on Wednesday, October 12th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, October 12th. Campbell Soup's dividend payout ratio (DPR) is presently 48.44%. Raymond James Associate invested 0.01% of its portfolio in Campbell Soup Company (NYSE:CPB). We make a range of high-quality soups and simple meals, beverages, snacks and packaged fresh foods.

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