Rhumbline Advisers lifted its holdings in shares of Campbell Soup (NYSE:CPB – Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,288 shares of the company’s stock after buying an additional 9,445 shares during the period. Rhumbline Advisers owned approximately 0.13% of Campbell Soup worth $21,128,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CPB. Parkside Financial Bank & Trust boosted its position in shares of Campbell Soup by 149.8% during the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock valued at $27,000 after buying an additional 358 shares during the last quarter. Gradient Investments LLC boosted its position in shares of Campbell Soup by 77.7% during the first quarter. Gradient Investments LLC now owns 519 shares of the company’s stock valued at $29,000 after buying an additional 227 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Campbell Soup during the first quarter valued at $43,000. WealthPlan Investment Management LLC purchased a new stake in shares of Campbell Soup during the first quarter valued at $48,000. Finally, Exos TFP Holdings LLC boosted its position in shares of Campbell Soup by 46.8% during the first quarter. Exos TFP Holdings LLC now owns 995 shares of the company’s stock valued at $55,000 after buying an additional 317 shares during the last quarter. 50.73% of the stock is owned by hedge funds and other institutional investors.
Campbell Soup Stock Performance
NYSE:CPB opened at $42.28 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.36 and a debt-to-equity ratio of 1.25. Campbell Soup has a 12-month low of $41.56 and a 12-month high of $57.78. The stock has a 50-day moving average price of $44.84 and a 200 day moving average price of $49.90. The stock has a market capitalization of $12.60 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.14 and a beta of 0.32.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Campbell Soup from $44.00 to $40.00 and set a “sell” rating on the stock in a report on Tuesday, August 22nd. Barclays lowered their target price on Campbell Soup from $50.00 to $49.00 and set an “underweight” rating on the stock in a report on Thursday, July 20th. Piper Sandler lowered their target price on Campbell Soup from $52.00 to $50.00 in a report on Monday, June 26th. JPMorgan Chase & Co. lowered their target price on Campbell Soup from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Monday, August 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Campbell Soup from $52.00 to $49.00 in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.38.
Read Our Latest Stock Report on CPB
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.
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