Guggenheim Capital LLC trimmed its holdings in shares of Campbell Soup (NYSE:CPB – Free Report) by 49.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,720 shares of the company’s stock after selling 47,421 shares during the period. Guggenheim Capital LLC’s holdings in Campbell Soup were worth $2,679,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of CPB. Vanguard Group Inc. increased its stake in shares of Campbell Soup by 6.3% in the first quarter. Vanguard Group Inc. now owns 23,259,524 shares of the company’s stock valued at $1,036,678,000 after buying an additional 1,387,605 shares in the last quarter. State Street Corp boosted its holdings in Campbell Soup by 16.8% in the first quarter. State Street Corp now owns 12,182,043 shares of the company’s stock valued at $542,954,000 after acquiring an additional 1,749,650 shares during the last quarter. Geode Capital Management LLC increased its position in Campbell Soup by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,325,934 shares of the company’s stock worth $245,073,000 after purchasing an additional 84,688 shares during the period. Renaissance Technologies LLC raised its holdings in Campbell Soup by 11.3% during the 4th quarter. Renaissance Technologies LLC now owns 3,743,980 shares of the company’s stock worth $212,471,000 after purchasing an additional 380,112 shares during the last quarter. Finally, Morgan Stanley lifted its position in Campbell Soup by 66.9% during the 4th quarter. Morgan Stanley now owns 3,512,543 shares of the company’s stock valued at $199,337,000 after purchasing an additional 1,408,175 shares during the period. Institutional investors own 50.73% of the company’s stock.
Analyst Upgrades and Downgrades
CPB has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Campbell Soup from $52.00 to $49.00 in a report on Tuesday, August 8th. JPMorgan Chase & Co. lowered their price target on Campbell Soup from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, August 21st. TheStreet lowered shares of Campbell Soup from a “b-” rating to a “c+” rating in a report on Thursday, August 24th. 888 reissued a “maintains” rating on shares of Campbell Soup in a report on Monday, June 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a research report on Monday, August 21st. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.38.
Campbell Soup Stock Up 0.1 %
NYSE:CPB opened at $42.28 on Wednesday. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 3.14 and a beta of 0.32. The company has a quick ratio of 0.36, a current ratio of 0.92 and a debt-to-equity ratio of 1.25. Campbell Soup has a twelve month low of $41.56 and a twelve month high of $57.78. The stock’s 50 day moving average price is $44.84 and its two-hundred day moving average price is $49.90.
Campbell Soup (NYSE:CPB – Get Free Report) last issued its earnings results on Wednesday, June 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Campbell Soup had a net margin of 8.46% and a return on equity of 26.31%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts expect that Campbell Soup will post 3 earnings per share for the current fiscal year.
Campbell Soup 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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