McAdam LLC Takes Position in Campbell Soup (NYSE:CPB)

McAdam LLC purchased a new position in Campbell Soup (NYSE:CPB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,199 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors also recently added to or reduced their stakes in CPB. Everhart Financial Group Inc. boosted its stake in Campbell Soup by 13.4% in the second quarter. Everhart Financial Group Inc. now owns 11,994 shares of the company’s stock valued at $542,000 after acquiring an additional 1,421 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of Campbell Soup by 2.8% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 26,122 shares of the company’s stock worth $1,180,000 after purchasing an additional 713 shares during the period. Diversified LLC lifted its stake in Campbell Soup by 8.6% in the second quarter. Diversified LLC now owns 6,068 shares of the company’s stock valued at $274,000 after purchasing an additional 478 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in Campbell Soup during the second quarter valued at $142,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Campbell Soup in the second quarter worth $1,144,000. Institutional investors own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPB. 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 Friday, June 7th. TD Cowen upped their price objective on shares of Campbell Soup from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday. StockNews.com downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday. DA Davidson upped their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, JPMorgan Chase & Co. raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $45.00 to $52.00 in a report on Wednesday, June 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and an average target price of $47.08.

Campbell Soup Stock Up 0.4 %

Shares of NYSE:CPB opened at $50.80 on Friday. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.90 and a beta of 0.16. Campbell Soup has a one year low of $37.94 and a one year high of $50.99. The firm has a fifty day moving average price of $46.94 and a two-hundred day moving average price of $44.89. 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 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. Analysts anticipate that Campbell Soup will post 3.08 EPS for the current fiscal year.

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.