Diversified LLC Has $274,000 Position in Campbell Soup (NYSE:CPB)

Diversified LLC grew its holdings in shares of Campbell Soup (NYSE:CPB) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,068 shares of the company’s stock after acquiring an additional 478 shares during the period. Diversified LLC’s holdings in Campbell Soup were worth $274,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Unique Wealth Strategies LLC purchased a new stake in shares of Campbell Soup in the second quarter valued at about $142,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Campbell Soup during the 2nd quarter valued at $1,144,000. Washington Capital Management Inc. increased its position in shares of Campbell Soup by 1.9% in the second quarter. Washington Capital Management Inc. now owns 24,795 shares of the company’s stock worth $1,120,000 after purchasing an additional 460 shares during the last quarter. Raymond James & Associates lifted its stake in Campbell Soup by 30.5% during the second quarter. Raymond James & Associates now owns 468,002 shares of the company’s stock worth $21,149,000 after purchasing an additional 109,408 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in shares of Campbell Soup by 15.3% in the 2nd quarter. Brookstone Capital Management now owns 23,955 shares of the company’s stock worth $1,143,000 after purchasing an additional 3,174 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CPB shares. JPMorgan Chase & Co. upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price target for the company from $45.00 to $52.00 in a research report on Wednesday, June 26th. DA Davidson increased their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Sanford C. Bernstein raised shares of Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $42.00 to $46.00 in a research note on Wednesday, May 15th. Wells Fargo & Company raised their price objective on Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Friday, June 7th. Finally, TD Cowen boosted their target price on Campbell Soup from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.08.

Campbell Soup Trading Up 0.4 %

Shares of NYSE:CPB traded up $0.20 on Friday, hitting $50.80. The company had a trading volume of 1,914,287 shares, compared to its average volume of 2,620,175. The firm’s 50-day simple moving average is $46.94 and its two-hundred day simple moving average is $44.89. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 2.90 and a beta of 0.16. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $50.99.

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