Campbell Soup (NASDAQ:CPB) Holdings Trimmed by Forsta AP Fonden

Forsta AP Fonden cut its holdings in Campbell Soup (NASDAQ:CPB) by 15.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 52,400 shares of the company’s stock after selling 9,600 shares during the quarter. Forsta AP Fonden’s holdings in Campbell Soup were worth $2,368,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of Campbell Soup in the 1st quarter worth approximately $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup during the 4th quarter valued at $31,000. Larson Financial Group LLC boosted its stake in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after acquiring an additional 865 shares in the last quarter. TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup in the 2nd quarter worth $44,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Campbell Soup during the second quarter worth $44,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Up 2.6 %

CPB opened at $51.09 on Monday. The company has a market capitalization of $15.25 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. 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 has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The business has a 50-day moving average of $48.60 and a 200-day moving average of $45.80.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data 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 firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. Equities research analysts forecast that Campbell Soup will post 3.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. DA Davidson lifted their price target on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. StockNews.com downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Barclays upped their price target on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday. Citigroup lifted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. increased their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus target price of $48.92.

Campbell Soup 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.