Campbell Soup (NASDAQ:CPB) Shares Bought by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of Campbell Soup (NASDAQ:CPB) by 22.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,413 shares of the company’s stock after acquiring an additional 10,645 shares during the quarter. National Bank of Canada FI’s holdings in Campbell Soup were worth $2,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in shares of Campbell Soup in the first quarter valued at $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup in the fourth quarter valued at $31,000. Larson Financial Group LLC grew its stake in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after buying an additional 865 shares in the last quarter. TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup in the second quarter valued at $44,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Campbell Soup in the second quarter valued at $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CPB. 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. JPMorgan Chase & Co. lifted their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $42.00 to $46.00 in a report on Wednesday, May 15th. Citigroup lifted their target price on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd. Finally, StockNews.com lowered Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.18.

Campbell Soup Stock Down 3.8 %

Shares of NASDAQ CPB opened at $49.14 on Thursday. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 3.26 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. The business has a 50-day moving average of $48.30 and a two-hundred day moving average of $45.64. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. Campbell Soup’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. On average, analysts forecast that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

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.