Wealth Enhancement Advisory Services LLC Has $405,000 Stock Holdings in Campbell Soup (NYSE:CPB)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Campbell Soup (NYSE:CPB) by 8.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,962 shares of the company’s stock after selling 814 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Campbell Soup were worth $405,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in Campbell Soup during the 1st quarter valued at about $28,000. Jones Financial Companies Lllp acquired a new position in Campbell Soup during the 4th quarter valued at about $31,000. Larson Financial Group LLC boosted its stake in Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after purchasing an additional 865 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in Campbell Soup by 10,366.7% during the 4th quarter. TFO Wealth Partners LLC now owns 1,256 shares of the company’s stock valued at $519,000 after purchasing an additional 1,244 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Campbell Soup during the 1st quarter valued at about $86,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CPB shares. DA Davidson lifted their price target on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Cowen lifted their target price on shares of Campbell Soup from $46.00 to $47.00 and gave the stock a “hold” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, June 7th. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Finally, StockNews.com cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $47.08.

Campbell Soup Stock Up 0.4 %

Campbell Soup stock opened at $50.80 on Friday. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $50.99. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.90 and a beta of 0.16. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. The firm has a 50 day simple moving average of $46.94 and a 200 day simple moving average of $44.89.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business earned $0.68 EPS. Campbell Soup’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Campbell Soup will post 3.08 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.