Campbell Soup (CPB) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. raised its position in shares of Campbell Soup (NYSE:CPB) by 11.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,190 shares of the company’s stock after buying an additional 8,613 shares during the period. Baird Financial Group Inc.’s holdings in Campbell Soup were worth $3,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its position in shares of Campbell Soup by 1.6% during 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 valued at $2,131,000 after acquiring an additional 1,331 shares in the last quarter. 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 valued at $260,000 after acquiring an additional 1,400 shares in the last quarter. 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 valued at $1,885,000 after acquiring an additional 1,421 shares in the last quarter. 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 valued at $434,000 after acquiring an additional 1,477 shares in the last quarter. Institutional investors and hedge funds own 54.98% of the company’s stock.

Campbell Soup stock opened at $41.13 on Friday. Campbell Soup has a 1-year low of $32.63 and a 1-year 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. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 2.75 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 Zacks’ consensus estimate of $0.24 by $0.01. Campbell Soup had a return on equity of 53.88% and a net margin of 3.01%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm earned $0.52 earnings per share. Campbell Soup’s quarterly revenue was up 33.4% on a year-over-year basis. analysts anticipate that Campbell Soup will post 2.47 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. UBS Group increased their price objective on Campbell Soup from $30.00 to $35.00 and gave the company a “sell” rating in a research note on Friday, August 31st. Zacks Investment Research cut Campbell Soup from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 19th. Sanford C. Bernstein set a $33.00 price objective on Campbell Soup and gave the company a “sell” rating in a research note on Tuesday, May 22nd. Credit Suisse Group set a $36.00 price objective on Campbell Soup and gave the company a “sell” rating in a research note on Friday, August 31st. Finally, TheStreet cut Campbell Soup from a “b-” rating to a “c” rating in a research note on Friday, May 18th. 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’s stock. The stock presently has a consensus rating of “Sell” and an average price target 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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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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