Commonwealth Equity Services LLC Sells 935 Shares of Campbell Soup (NASDAQ:CPB)

Commonwealth Equity Services LLC decreased its position in shares of Campbell Soup (NASDAQ:CPB) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,183 shares of the company’s stock after selling 935 shares during the period. Commonwealth Equity Services LLC’s holdings in Campbell Soup were worth $2,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp increased its position in Campbell Soup by 16.6% during the first quarter. Van ECK Associates Corp now owns 8,548,557 shares of the company’s stock valued at $379,983,000 after acquiring an additional 1,219,301 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 580,411 shares during the period. Norges Bank purchased a new stake in shares of Campbell Soup during the fourth quarter valued at $125,689,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Campbell Soup by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,688,669 shares of the company’s stock valued at $73,001,000 after purchasing an additional 49,663 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Campbell Soup by 7.3% during the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock valued at $55,554,000 after purchasing an additional 85,099 shares during the period. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

CPB stock opened at $49.14 on Thursday. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.26 and a beta of 0.18. The firm has a 50-day simple moving average of $48.30 and a two-hundred day simple moving average of $45.64. Campbell Soup has a one year low of $37.94 and a one year high of $52.81. 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 (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts forecast that Campbell Soup will post 3.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CPB shares. Wells Fargo & Company boosted their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. Citigroup upped their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research note on Thursday, May 23rd. DA Davidson upped their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, StockNews.com lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday. Two investment 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. Based on data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and an average price target of $48.18.

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.