Andra AP fonden Trims Stake in Campbell Soup (NASDAQ:CPB)

Andra AP fonden lessened its stake in shares of Campbell Soup (NASDAQ:CPB) by 76.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 33,700 shares of the company’s stock after selling 110,500 shares during the period. Andra AP fonden’s holdings in Campbell Soup were worth $1,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp grew its stake in shares of Campbell Soup by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock valued at $393,603,000 after acquiring an additional 161,392 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Campbell Soup by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock worth $147,375,000 after purchasing an additional 580,411 shares during the period. Norges Bank purchased a new stake in shares of Campbell Soup in the fourth quarter worth $125,689,000. LSV Asset Management raised its position in shares of Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after purchasing an additional 2,390,700 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Campbell Soup by 7.3% during the 1st quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock valued at $55,554,000 after buying an additional 85,099 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Up 1.3 %

Shares of CPB stock opened at $49.78 on Friday. The company has a market cap of $14.86 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 3.26 and a beta of 0.18. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81. The stock’s 50 day simple moving average is $48.39 and its two-hundred day simple moving average is $45.66. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. Campbell Soup’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. Research analysts predict that Campbell Soup will post 3.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on CPB. DA Davidson raised their price target on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. JPMorgan Chase & Co. boosted their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a report on Tuesday, August 27th. TD Cowen boosted their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Barclays upped their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.58.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.