DekaBank Deutsche Girozentrale Decreases Stock Holdings in Campbell Soup (NASDAQ:CPB)

DekaBank Deutsche Girozentrale cut its stake in shares of Campbell Soup (NASDAQ:CPB) by 24.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,322 shares of the company’s stock after selling 54,016 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of Campbell Soup worth $7,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPB. Norges Bank purchased a new stake in Campbell Soup during the fourth quarter valued at $125,689,000. LSV Asset Management lifted its stake 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 worth $110,187,000 after purchasing an additional 2,390,700 shares during the period. Van ECK Associates Corp lifted its stake in shares of Campbell Soup by 16.6% in the 1st quarter. Van ECK Associates Corp now owns 8,548,557 shares of the company’s stock worth $379,983,000 after purchasing an additional 1,219,301 shares during the period. AMF Tjanstepension AB purchased a new position in shares of Campbell Soup in the first quarter worth approximately $30,128,000. Finally, Bank of New York Mellon Corp grew its position 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. 52.35% of the stock is owned by institutional investors.

Campbell Soup Stock Performance

Shares of NASDAQ:CPB opened at $51.56 on Tuesday. The firm has a 50 day moving average of $48.73 and a 200 day moving average of $45.87. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. 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 research note on Thursday, May 23rd. StockNews.com downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Wells Fargo & Company lifted their price objective on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada boosted their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.92.

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.