Campbell Soup (NASDAQ:CPB) is Hussman Strategic Advisors Inc.'s 9th Largest Position

Hussman Strategic Advisors Inc. decreased its stake in Campbell Soup (NASDAQ:CPB - Free Report) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,000 shares of the company's stock after selling 21,000 shares during the period. Campbell Soup comprises about 1.0% of Hussman Strategic Advisors Inc.'s holdings, making the stock its 9th largest holding. Hussman Strategic Advisors Inc.'s holdings in Campbell Soup were worth $3,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Campbell Soup by 1.9% in the second quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company's stock valued at $393,603,000 after purchasing an additional 161,392 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Campbell Soup by 21.2% in the 1st quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company's stock worth $147,375,000 after acquiring an additional 580,411 shares during the last quarter. Norges Bank bought a new stake in shares of Campbell Soup in the 4th quarter worth approximately $125,689,000. Charles Schwab Investment Management Inc. raised its holdings in Campbell Soup by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,688,669 shares of the company's stock valued at $73,001,000 after buying an additional 49,663 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Campbell Soup by 7.3% during the 1st quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company's stock valued at $55,554,000 after purchasing an additional 85,099 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

NASDAQ CPB traded up $0.47 on Friday, reaching $49.72. The stock had a trading volume of 3,372,805 shares, compared to its average volume of 2,517,145. The stock has a market cap of $14.84 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 3.26 and a beta of 0.16. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. The business's 50-day moving average price is $47.45 and its 200 day moving average price is $45.18. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $50.99.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CPB. Stifel Nicolaus reiterated a "hold" rating and issued a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a report on Friday. Citigroup raised their price target on Campbell Soup from $41.00 to $42.00 and gave the stock a "sell" rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. upgraded Campbell Soup from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $45.00 to $52.00 in a research report on Wednesday, June 26th. Finally, DA Davidson lifted 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. Two 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, Campbell Soup has an average rating of "Hold" and a consensus price target of $47.23.

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.