As of its most recent filing with the Securities and Exchange Commission (SEC), O Shaughnessy Asset Management LLC grew its position in Campbell Soup (NYSE:CPB) by a whopping 72.9% during the fourth quarter. The fund owned 31,533 shares of the company’s stock after acquiring an additional 13,299 shares during the quarter, bringing their holdings to be worth a staggering $1,789,000.
Campbell Soup Co is one of the most prominent players in the food and beverage industry globally. The company operates under two main segments – Meals and Beverages, and Snacks. The Meals and Beverages segment includes soup, meals, and beverage products catered to retail and foodservice customers. Meanwhile, the Snacks segment offers cookies, crackers, bakery items, and frozen goods.
CPB opened at $51.46 on Friday with a market cap of $15.41 billion. The stock’s price-to-earnings ratio stands at 19.06 with a PEG ratio of 4.35 and a beta of 0.34. Additionally, Campbell Soup has a current ratio of 0.77 along with quick ratio standing at 0.31 coupled up with a debt-to-equity ratio of 1.11.
Despite being one an industry leader with high value offerings that have won consumer trust worldwide over time; CPB had hit its all time lowest of $44.37 towards November end last year owing to some operational difficulties faced while keeping up with evolving tastes & preferences which led investors leading towards competition brands like Nestle, Unilever etc for safer bets.
However given CPB management’s revived efforts towards product innovation as seen in their “Soup That Eats Like A Meal” series by introducing newer flavours & packaging backed by developments in automation & robotics to boost efficiency across factory floors gives renewed hopes for fresh future gainful outcomes.
Apart from this, Campbell Soup has a 12-month high of $57.78 and a 12-month low of $44.37, The stock has a fifty-day moving average price of $54.23 and a two hundred-day moving average price of $53.69.
In conclusion, Campbell Soup continues to be instrumental in creating innovative products that cater the diverse tastes of its consumers worldwide; O Shaughnessy Asset Management LLC’s massive investment into the company only solidifies CPB’s position as an industry leader with great potentials for growth in the future. The company’s ongoing efforts in terms of boosting efficiency via mechanization make it one worth watching out for.
Campbell Soup: Growing Strong with Diversification and Investment Confidence
Campbell Soup: A Food and Beverage Giant’s Growth Strategies
Campbell Soup Co, a renowned food and beverage manufacturer, is witnessing significant growth as well as stock investments from institutional investors. The company operates under the Meals and Beverages and Snacks segments, offering diverse products such as soups, meals, beverages, bakery products, frozen items, crackers and cookies through retail stores and foodservice networks.
According to Bloomberg.com data, Campbell Soup currently has an average rating of “Hold” with an average target price of $51.92. While some brokerages have upgraded their target prices recently, Deutsche Bank Aktiengesellschaft downgraded the price on Monday March 20th from $54.00 to $53.00, while maintaining its “hold” rating.
Institutional investors like Mutual of America Capital Management LLC have added 240 shares during Q3-2017 at a worth of $1.322 million boosting its holdings by 0.9%, taking its ownership to 28,047 shares. On the other hand Two Sigma Investments LP boosted its holdings by over 158% purchasing an additional 537042 shares during Q3-2017 worth over $41m now holding overall 876056 shares in Campbell soup.
North Carolina State’s Treasurer has also increased stakes by over quarter by investing approximately $8m to acquire almost thirty-thousand additional shares which are estimated at approximately one-hundred-forty-one thousand two-hundred-twenty-two units. Similarly Nisa Investment Advisors LLC has also shown interest in acquiring additional stakes for the tune of $3.837m – an increase of more than ninety-six percent in quantity amounting to adding thirty-nine thousand six hundred seventy-three more shares bringing cumulative investment to eighty thousand nine hundred seventy-three.
Moreover the company also announced a quarterly dividend that will be paid by July end with a dividend payout ratio being recorded at over fifty-four percent.
Campbell Soup also received accolades as company earnings showed remarkable growth this year, exceeding market expectations. The company’s revenue recorded for Q1 of 2017 was valued at $2.49 billion marking a growth rate of almost twelve and a half percent compared to the same quarter last year. The business had EPS (Earnings Per Share) equalling $0.80 which is almost six cents higher than expected by analysts in Q1 of 2017 while repeat revenue ascended through improved financial performance with industry experts expecting EPS to reach $3.01 for the current fiscal year, setting a positive trend.
To boost its growth further, Campbell Soup has announced that it will diversify both geographically and into snacks production category this year, following its acquisition of Snyder’s-Lance – popular Snacks manufacturer.
Many brokerages have highlighted Campbell Soup as a sustainable investment opportunity given their recent financial performance trends suggesting steady investment with corresponding sales volumes reflecting upward movement during uncertain times.
Campbell Soup seems ready for long-term investments due to observable past performances and acquisitions leading towards expanding their product offerings along with embracing technology advancements and innovation to cope up with ever-evolving consumer preferences thereby posting robust returns for investors who hold on for the ride.
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