Campbell Soup (NASDAQ:CPB) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in shares of Campbell Soup (NASDAQ:CPB) by 20.3% in the second quarter, Holdings Channel reports. The firm owned 14,288 shares of the company’s stock after selling 3,641 shares during the period. Private Advisor Group LLC’s holdings in Campbell Soup were worth $646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPB. Mather Group LLC. acquired a new position in Campbell Soup during the first quarter worth $28,000. Jones Financial Companies Lllp acquired a new position in Campbell Soup in the 4th quarter valued at about $31,000. Larson Financial Group LLC grew its position in Campbell Soup by 3,760.9% in the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after acquiring an additional 865 shares in the last quarter. TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup during the second quarter worth about $44,000. Finally, Rothschild Investment LLC purchased a new position in shares of Campbell Soup in the second quarter valued at approximately $44,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Stock Down 0.1 %

CPB stock opened at $51.52 on Wednesday. The stock has a market cap of $15.38 billion, a P/E ratio of 20.86, a PEG ratio of 3.09 and a beta of 0.18. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.81. The company’s 50 day moving average is $48.85 and its two-hundred day moving average is $45.93.

Campbell Soup (NASDAQ:CPB) last announced 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 net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the business earned $0.50 EPS. Campbell Soup’s revenue for the quarter was up 10.9% compared to the same quarter last year. Research analysts expect that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPB has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a research note on Tuesday, August 27th. JPMorgan Chase & Co. increased their price objective on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. TD Cowen upped their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Barclays lifted their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Finally, Wells Fargo & Company upped their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 11th. Three equities research 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, Campbell Soup currently has an average rating of “Hold” and an average price target of $48.92.

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.