Rovin Capital UT ADV Boosts Stake in Campbell Soup (NYSE:CPB)

Rovin Capital UT ADV boosted its position in Campbell Soup (NYSE:CPB) by 15.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,015 shares of the company’s stock after acquiring an additional 1,854 shares during the period. Rovin Capital UT ADV’s holdings in Campbell Soup were worth $633,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of Campbell Soup during the first quarter worth about $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup in the fourth quarter valued at $31,000. Larson Financial Group LLC increased its holdings in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after buying an additional 865 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Campbell Soup by 79.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after acquiring an additional 449 shares during the period. Finally, TruNorth Capital Management LLC purchased a new stake in Campbell Soup in the 2nd quarter worth about $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of CPB stock traded up $0.16 during mid-day trading on Friday, hitting $49.10. The stock had a trading volume of 2,093,609 shares, compared to its average volume of 2,640,883. The firm has a market cap of $14.66 billion, a PE ratio of 19.88, a PEG ratio of 2.90 and a beta of 0.16. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $50.63. The company’s 50-day simple moving average is $46.21 and its 200-day simple moving average is $44.69. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24.

Campbell Soup (NYSE:CPB) last posted its earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. Campbell Soup’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Sell-side analysts anticipate that Campbell Soup will post 3.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CPB shares. DA Davidson lifted their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Wells Fargo & Company upped their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, June 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 price target on shares of Campbell Soup in a report on Friday, June 7th. Citigroup lifted their target price on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. Finally, Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.40.

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.