BB&T Securities LLC trimmed its position in Campbell Soup (NYSE:CPB) by 65.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,694 shares of the company’s stock after selling 175,265 shares during the period. BB&T Securities LLC’s holdings in Campbell Soup were worth $3,798,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CPB. Russell Investments Group Ltd. raised its stake in shares of Campbell Soup by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 80,449 shares of the company’s stock worth $3,267,000 after buying an additional 1,254 shares during the period. LPL Financial LLC raised its stake in shares of Campbell Soup by 2.8% in 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 period. Intact Investment Management Inc. raised its stake in shares of Campbell Soup by 28.0% in the second quarter. Intact Investment Management Inc. now owns 6,400 shares of the company’s stock worth $260,000 after buying an additional 1,400 shares during the period. US Bancorp DE raised its stake in shares of Campbell Soup by 3.2% in the second quarter. US Bancorp DE now owns 46,510 shares of the company’s stock worth $1,885,000 after buying an additional 1,421 shares during the period. Finally, Trilogy Capital Inc. raised its stake in shares of Campbell Soup by 17.3% in the first quarter. Trilogy Capital Inc. now owns 10,021 shares of the company’s stock worth $434,000 after buying an additional 1,477 shares during the period. 54.98% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on CPB. Piper Jaffray Companies set a $35.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research note on Tuesday, August 14th. Wolfe Research downgraded Campbell Soup from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. downgraded Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 target price on the stock. in a research note on Friday, August 10th. Zacks Investment Research downgraded Campbell Soup from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 5th. Finally, UBS Group set a $30.00 target price on Campbell Soup and gave the company a “sell” rating in a research note on Thursday, August 23rd. Twelve investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Sell” and a consensus target price of $40.07.
Shares of CPB opened at $41.13 on Friday. The company has a market cap of $12.03 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 2.75 and a beta of 0.20. Campbell Soup has a 12-month low of $32.63 and a 12-month high of $51.07. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.37 and a current ratio of 0.64.
Campbell Soup (NYSE:CPB) last issued its earnings results on Thursday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. Campbell Soup had a return on equity of 53.88% and a net margin of 3.01%. The firm’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. equities analysts expect that Campbell Soup will post 2.47 EPS for the current year.
About Campbell Soup
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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