Twin Capital Management Inc. increased its position in shares of Campbell Soup (NYSE:CPB) by 7.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,250 shares of the company’s stock after buying an additional 4,974 shares during the period. Twin Capital Management Inc.’s holdings in Campbell Soup were worth $3,010,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rational Advisors LLC bought a new position in Campbell Soup during the first quarter worth $463,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Campbell Soup by 1.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 619,214 shares of the company’s stock worth $25,103,000 after buying an additional 7,583 shares during the last quarter. Standard Life Aberdeen plc raised its stake in Campbell Soup by 0.9% during the second quarter. Standard Life Aberdeen plc now owns 308,175 shares of the company’s stock worth $12,498,000 after buying an additional 2,697 shares during the last quarter. Baird Financial Group Inc. raised its stake in Campbell Soup by 104.8% during the first quarter. Baird Financial Group Inc. now owns 78,577 shares of the company’s stock worth $3,403,000 after buying an additional 40,218 shares during the last quarter. Finally, LPL Financial LLC raised its stake in Campbell Soup by 2.8% during the first quarter. LPL Financial LLC now owns 49,205 shares of the company’s stock worth $2,131,000 after buying an additional 1,331 shares during the last quarter. 54.98% of the stock is owned by institutional investors and hedge funds.
CPB opened at $40.05 on Friday. Campbell Soup has a 1-year low of $32.63 and a 1-year high of $51.07. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 5.83. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 2.74 and a beta of 0.20.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Thursday, August 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was up 33.4% compared to the same quarter last year. equities analysts predict that Campbell Soup will post 2.47 earnings per share for the current year.
A number of equities analysts recently weighed in on CPB shares. Credit Suisse Group set a $38.00 target price on shares of Campbell Soup and gave the stock a “hold” rating in a research note on Tuesday, May 15th. Zacks Investment Research downgraded shares of Campbell Soup from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Bank of America downgraded shares of Campbell Soup from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $34.37 to $31.00 in a research note on Monday, May 21st. Barclays lowered their target price on shares of Campbell Soup from $47.00 to $33.00 and set an “underweight” rating for the company in a research note on Monday, May 21st. Finally, Royal Bank of Canada lowered their target price on shares of Campbell Soup to $40.00 and set a “sector perform” rating for the company in a research note on Monday, May 21st. Twelve research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Campbell Soup has a consensus rating of “Sell” and a consensus target price of $40.07.
Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; and Campbell's tomato juices in the United States, Canada, and Latin America.
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