Sumitomo Mitsui DS Asset Management Company Ltd Buys 333 Shares of Campbell Soup (NASDAQ:CPB)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Campbell Soup (NASDAQ:CPB) by 1.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,219 shares of the company’s stock after acquiring an additional 333 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Campbell Soup were worth $1,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empirical Finance LLC boosted its holdings in Campbell Soup by 3.6% during the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after acquiring an additional 239 shares during the last quarter. North Star Investment Management Corp. grew its position in Campbell Soup by 2.1% in the 1st quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock worth $549,000 after purchasing an additional 260 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in Campbell Soup by 4.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after buying an additional 286 shares during the last quarter. Essex Financial Services Inc. lifted its position in shares of Campbell Soup by 5.5% during the 1st quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock worth $249,000 after buying an additional 292 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Campbell Soup by 1.1% in the 1st quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock worth $1,310,000 after buying an additional 327 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Stock Performance

NASDAQ:CPB opened at $49.72 on Monday. The business’s fifty day moving average is $47.45 and its 200 day moving average is $45.18. The firm has a market cap of $14.84 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.26 and a beta of 0.16. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $50.99.

Campbell Soup (NASDAQ:CPB) last announced 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. 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 for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Research analysts predict that Campbell Soup will post 3.18 EPS for the current year.

Analyst Upgrades and Downgrades

CPB has been the subject of a number of research analyst reports. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and increased their price target for the company from $42.00 to $46.00 in a research report on Wednesday, May 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. DA Davidson raised their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Citigroup lifted their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.33.

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.