O Shares Investment Advisers LLC lifted its stake in Campbell Soup (NYSE:CPB) by 3.0% in the 1st quarter, HoldingsChannel reports. The fund owned 10,412 shares of the company’s stock after purchasing an additional 304 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Campbell Soup were worth $397,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Third Point LLC grew its stake in Campbell Soup by 16.7% during the 4th quarter. Third Point LLC now owns 21,000,000 shares of the company’s stock worth $692,790,000 after buying an additional 3,000,000 shares during the last quarter. First Trust Advisors LP grew its stake in Campbell Soup by 30.6% during the 1st quarter. First Trust Advisors LP now owns 991,974 shares of the company’s stock worth $37,824,000 after buying an additional 232,463 shares during the last quarter. Paloma Partners Management Co grew its stake in Campbell Soup by 41.5% during the 4th quarter. Paloma Partners Management Co now owns 15,378 shares of the company’s stock worth $507,000 after buying an additional 4,513 shares during the last quarter. Retirement Systems of Alabama grew its stake in Campbell Soup by 1.1% during the 1st quarter. Retirement Systems of Alabama now owns 89,710 shares of the company’s stock worth $3,421,000 after buying an additional 978 shares during the last quarter. Finally, Scotia Capital Inc. grew its stake in Campbell Soup by 9.7% during the 4th quarter. Scotia Capital Inc. now owns 38,514 shares of the company’s stock worth $1,270,000 after buying an additional 3,409 shares during the last quarter. 52.08% of the stock is owned by hedge funds and other institutional investors.
Campbell Soup stock traded up $0.01 during trading hours on Thursday, hitting $42.44. 28,757 shares of the stock traded hands, compared to its average volume of 2,787,975. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62. The company has a market cap of $12.78 billion, a PE ratio of 14.80, a PEG ratio of 3.34 and a beta of 0.46. Campbell Soup has a 1 year low of $32.03 and a 1 year high of $43.98.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.35 billion. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. As a group, analysts predict that Campbell Soup will post 2.55 EPS for the current fiscal year.
CPB has been the topic of several research analyst reports. ValuEngine downgraded Campbell Soup from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Bank of America set a $30.00 target price on Campbell Soup and gave the stock a “sell” rating in a research note on Thursday, February 28th. Zacks Investment Research downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Credit Suisse Group boosted their target price on Campbell Soup from $30.00 to $36.00 and gave the stock an “underperform” rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Co boosted their target price on Campbell Soup from $38.00 to $41.00 and gave the stock a “market perform” rating in a research note on Thursday, June 6th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Campbell Soup presently has an average rating of “Hold” and a consensus target price of $39.90.
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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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