Twin Tree Management LP grew its holdings in Campbell Soup Company (NYSE:CPB) by 37.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,365 shares of the company’s stock after acquiring an additional 3,931 shares during the period. Twin Tree Management LP’s holdings in Campbell Soup were worth $749,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Motco grew its holdings in Campbell Soup by 301.9% during the 2nd quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after purchasing an additional 1,600 shares in the last quarter. IFP Advisors Inc grew its holdings in Campbell Soup by 2.3% during the 1st quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock worth $142,000 after acquiring an additional 55 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in Campbell Soup by 19.2% during the 1st quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock worth $145,000 after acquiring an additional 408 shares in the last quarter. Mercer Capital Advisers Inc. grew its holdings in Campbell Soup by 13.6% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock worth $176,000 after acquiring an additional 405 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Campbell Soup by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock worth $179,000 after acquiring an additional 204 shares in the last quarter. 44.32% of the stock is currently owned by institutional investors and hedge funds.
CPB has been the subject of several research reports. Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $58.00 price target (down from $62.50) on shares of Campbell Soup in a report on Tuesday, May 23rd. Piper Jaffray Companies started coverage on shares of Campbell Soup in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 price objective on the stock. Barclays PLC reiterated a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada cut their price objective on shares of Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating on the stock in a research report on Friday, September 1st. Seven analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.57.
Campbell Soup Company (NYSE:CPB) traded up 0.932% during mid-day trading on Friday, reaching $48.195. 652,154 shares of the company’s stock were exchanged. The company has a market cap of $14.61 billion, a PE ratio of 30.426 and a beta of 0.36. Campbell Soup Company has a 52-week low of $45.30 and a 52-week high of $64.23. The stock has a 50-day moving average price of $51.29 and a 200 day moving average price of $55.04.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the firm posted $0.46 earnings per share. Campbell Soup’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that Campbell Soup Company will post $3.05 earnings per share for the current fiscal year.
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About Campbell Soup
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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