Wells Fargo & Company MN Reduces Holdings in Campbell Soup (NYSE:CPB)

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Wells Fargo & Company MN trimmed its position in Campbell Soup (NYSE:CPB) by 12.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 827,290 shares of the company’s stock after selling 118,743 shares during the period. Wells Fargo & Company MN’s holdings in Campbell Soup were worth $31,545,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CPB. Third Point LLC lifted its position in shares of Campbell Soup by 16.7% during the 4th quarter. Third Point LLC now owns 21,000,000 shares of the company’s stock valued at $692,790,000 after buying an additional 3,000,000 shares in the last quarter. Norges Bank purchased a new position in shares of Campbell Soup during the 4th quarter valued at about $67,104,000. Bank of New York Mellon Corp lifted its position in shares of Campbell Soup by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 6,723,599 shares of the company’s stock valued at $221,812,000 after buying an additional 446,435 shares in the last quarter. BlackRock Inc. lifted its position in shares of Campbell Soup by 3.1% during the 4th quarter. BlackRock Inc. now owns 14,816,506 shares of the company’s stock valued at $488,794,000 after buying an additional 440,312 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Campbell Soup by 79.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 676,385 shares of the company’s stock valued at $22,314,000 after buying an additional 299,350 shares in the last quarter. 52.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on CPB shares. ValuEngine raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Credit Suisse Group lifted their price objective on Campbell Soup from $30.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday, June 6th. UBS Group set a $36.00 price objective on Campbell Soup and gave the company a “sell” rating in a research report on Thursday, June 6th. Bank of America reaffirmed an “underperform” rating and set a $32.00 price objective on shares of Campbell Soup in a research report on Friday. Finally, Wells Fargo & Co lifted their price objective on Campbell Soup from $38.00 to $41.00 and gave the company a “market perform” rating in a research report on Thursday, June 6th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Campbell Soup currently has a consensus rating of “Hold” and a consensus target price of $40.10.

Shares of CPB opened at $42.26 on Friday. The company has a market cap of $12.84 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 3.35 and a beta of 0.46. Campbell Soup has a 12-month low of $32.03 and a 12-month high of $43.98. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62.

Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, June 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.35 billion. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. On average, equities analysts expect that Campbell Soup will post 2.55 EPS for the current year.

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Campbell Soup Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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