Campbell Soup (NYSE:CPB) Stock Position Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Campbell Soup (NYSE:CPB) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,317,469 shares of the company’s stock after purchasing an additional 1,953 shares during the quarter. Bank of New York Mellon Corp owned 1.11% of Campbell Soup worth $149,916,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Empirical Finance LLC lifted its holdings in shares of Campbell Soup by 3.6% in the first quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock valued at $307,000 after buying an additional 239 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of Campbell Soup by 2.1% during the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after purchasing an additional 260 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Campbell Soup by 4.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after purchasing an additional 286 shares during the last quarter. Essex Financial Services Inc. lifted its holdings in shares of Campbell Soup by 5.5% during the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock valued at $249,000 after purchasing an additional 292 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Campbell Soup by 1.1% during the first quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock valued at $1,310,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of CPB stock opened at $50.44 on Tuesday. The stock has a 50 day moving average of $47.05 and a two-hundred day moving average of $44.96. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $50.99. The company has a market capitalization of $15.06 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.90 and a beta of 0.16.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the company earned $0.68 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts expect that Campbell Soup will post 3.08 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a report on Friday, June 7th. DA Davidson upped their target price on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Citigroup upped their target price on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd. Wells Fargo & Company upped their price target on Campbell Soup from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday, June 7th. Finally, Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and upped their price target for the company from $42.00 to $46.00 in a research report on Wednesday, May 15th. Three equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.08.

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.