Tredje AP fonden Sells 101,078 Shares of Campbell Soup (NASDAQ:CPB)

Tredje AP fonden reduced its position in Campbell Soup (NASDAQ:CPB) by 36.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,607 shares of the company’s stock after selling 101,078 shares during the quarter. Tredje AP fonden owned about 0.06% of Campbell Soup worth $7,845,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock valued at $393,603,000 after purchasing an additional 161,392 shares during the period. Bank of New York Mellon Corp boosted its stake in Campbell Soup by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock valued at $147,375,000 after buying an additional 580,411 shares during the period. Norges Bank purchased a new position in Campbell Soup during the fourth quarter worth about $125,689,000. Dimensional Fund Advisors LP increased its stake in Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after acquiring an additional 363,736 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after acquiring an additional 2,390,700 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CPB shares. Wells Fargo & Company upped their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Barclays increased their price target on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. TD Cowen lifted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. StockNews.com cut Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada lifted their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.92.

Campbell Soup Trading Down 0.9 %

Shares of CPB stock opened at $51.08 on Thursday. The business has a 50-day moving average of $48.96 and a 200 day moving average of $45.96. 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 1-year low of $37.94 and a 1-year high of $52.81. The stock has a market capitalization of $15.25 billion, a PE ratio of 20.68, a P/E/G ratio of 3.09 and a beta of 0.18.

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

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.