Strategy Asset Managers LLC Invests $594,000 in Campbell Soup (NASDAQ:CPB)

Strategy Asset Managers LLC purchased a new stake in shares of Campbell Soup (NASDAQ:CPB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,988 shares of the company's stock, valued at approximately $594,000.

A number of other large investors have also added to or reduced their stakes in CPB. Van ECK Associates Corp lifted its holdings in shares of Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company's stock valued at $393,603,000 after acquiring an additional 161,392 shares during the last quarter. Bank of New York Mellon Corp boosted 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 purchasing an additional 580,411 shares during the period. Norges Bank bought a new position in shares of Campbell Soup during the 4th quarter valued at 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 period. Finally, Nordea Investment Management AB lifted its position in Campbell Soup by 7.3% in the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company's stock worth $55,554,000 after buying an additional 85,099 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. DA Davidson boosted their price objective on Campbell Soup from $47.00 to $49.00 and gave the company a "buy" rating in a report on Monday, June 10th. TD Cowen increased their target price on Campbell Soup from $46.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, August 21st. StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Sanford C. Bernstein upgraded shares of Campbell Soup from an "underperform" rating to a "market perform" rating and upped their price target for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Campbell Soup presently has a consensus rating of "Hold" and a consensus price target of $47.55.

Campbell Soup Stock Down 0.6 %

Shares of Campbell Soup stock traded down $0.30 during trading on Thursday, reaching $51.34. The company's stock had a trading volume of 2,263,290 shares, compared to its average volume of 2,636,063. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $52.33. The company has a 50-day simple moving average of $47.93 and a two-hundred day simple moving average of $45.39. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 3.26 and a beta of 0.16.

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