Quantbot Technologies LP Buys Shares of 67,772 Campbell Soup (NASDAQ:CPB)

Quantbot Technologies LP bought a new stake in Campbell Soup (NASDAQ:CPB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 67,772 shares of the company’s stock, valued at approximately $3,063,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. acquired a new stake in shares of Campbell Soup in the 1st quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup in the 4th quarter valued at approximately $31,000. Larson Financial Group LLC lifted its holdings in shares of Campbell Soup by 3,760.9% in the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after buying an additional 865 shares during the period. TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup in the 2nd quarter valued at approximately $44,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Campbell Soup in the 2nd quarter valued at approximately $44,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup raised their price target on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd. StockNews.com cut Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. TD Cowen raised their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. DA Davidson lifted their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Wells Fargo & Company lifted their price objective on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.92.

Campbell Soup Stock Performance

NASDAQ CPB opened at $51.56 on Tuesday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. The business has a fifty day moving average of $48.73 and a 200-day moving average of $45.87. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. As a group, analysts predict that Campbell Soup will post 3.18 earnings per share for the current fiscal 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.