WBI Investments LLC Purchases New Holdings in Campbell Soup (NASDAQ:CPB)

WBI Investments LLC acquired a new position in Campbell Soup (NASDAQ:CPB) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,516 shares of the company’s stock, valued at approximately $340,000.

A number of other hedge funds also recently modified their holdings of the company. Mather Group LLC. bought a new position in Campbell Soup in the first quarter worth $28,000. Jones Financial Companies Lllp bought a new position in shares of Campbell Soup during the 4th quarter worth about $31,000. Larson Financial Group LLC lifted its holdings in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after acquiring an additional 865 shares during the period. TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup during the 2nd quarter valued at about $44,000. Finally, LRI Investments LLC bought a new stake in Campbell Soup in the first quarter valued at about $83,000. Institutional investors own 52.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CPB. DA Davidson raised their target price on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Friday. TD Cowen raised their price target on Campbell Soup from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday, August 21st. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a report on Tuesday. Finally, Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $42.00 to $46.00 in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.23.

Campbell Soup Stock Performance

Shares of CPB stock opened at $49.72 on Friday. The stock has a market cap of $14.84 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.90 and a beta of 0.16. The stock has a 50-day moving average of $47.45 and a 200-day moving average of $45.13. 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 has a one year low of $37.94 and a one year high of $50.99.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts expect that Campbell Soup will post 3.08 earnings per share for the current year.

About Campbell Soup

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.