TD Asset Management Inc Boosts Stake in Campbell Soup (NASDAQ:CPB)

TD Asset Management Inc grew its holdings in Campbell Soup (NASDAQ:CPB - Free Report) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 986,109 shares of the company's stock after purchasing an additional 132,453 shares during the quarter. TD Asset Management Inc owned about 0.33% of Campbell Soup worth $44,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CPB. Strategy Asset Managers LLC acquired a new stake in Campbell Soup in the second quarter worth $594,000. Larson Financial Group LLC grew its stake in shares of Campbell Soup by 377.0% in the 2nd quarter. Larson Financial Group LLC now owns 4,236 shares of the company's stock valued at $191,000 after buying an additional 3,348 shares during the period. Weaver Capital Management LLC increased its position in Campbell Soup by 9.2% in the 2nd quarter. Weaver Capital Management LLC now owns 8,084 shares of the company's stock valued at $365,000 after buying an additional 680 shares in the last quarter. Rhumbline Advisers raised its stake in Campbell Soup by 0.7% during the 2nd quarter. Rhumbline Advisers now owns 407,154 shares of the company's stock worth $18,399,000 after buying an additional 3,007 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Campbell Soup by 3.5% in the second quarter. CIBC Asset Management Inc now owns 34,210 shares of the company's stock worth $1,546,000 after acquiring an additional 1,144 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Performance

Campbell Soup stock traded up $0.55 during trading on Friday, hitting $51.89. The stock had a trading volume of 2,627,729 shares, compared to its average volume of 2,636,016. The stock's 50 day moving average is $48.06 and its two-hundred day moving average is $45.49. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.33. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.26 and a beta of 0.16. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released 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. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company's revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, analysts predict that Campbell Soup will post 3.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CPB shares. Sanford C. Bernstein raised shares of Campbell Soup from an "underperform" rating to a "market perform" rating and boosted their target price for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Royal Bank of Canada reissued a "sector perform" rating and set a $47.00 price objective on shares of Campbell Soup in a report on Tuesday, August 27th. StockNews.com upgraded Campbell Soup from a "sell" rating to a "hold" rating in a report on Thursday. Citigroup lifted their target price on Campbell Soup from $41.00 to $42.00 and gave the company a "sell" rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $45.00 to $52.00 in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Campbell Soup has a consensus rating of "Hold" and a consensus target price of $47.55.

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.