Koss Olinger Consulting LLC Acquires New Position in Campbell Soup (NASDAQ:CPB)

Koss Olinger Consulting LLC purchased a new stake in shares of Campbell Soup (NASDAQ:CPB - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 52,943 shares of the company's stock, valued at approximately $2,392,000.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new stake in shares of Campbell Soup in the first quarter valued at $28,000. Jones Financial Companies Lllp purchased a new position in shares of Campbell Soup in the 4th quarter valued at about $31,000. Larson Financial Group LLC grew its position in shares of Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company's stock worth $39,000 after buying an additional 865 shares in the last quarter. TruNorth Capital Management LLC purchased a new stake in shares of Campbell Soup during the second quarter worth approximately $44,000. Finally, Rothschild Investment LLC acquired a new stake in Campbell Soup in the second quarter valued at approximately $44,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

Campbell Soup Price Performance

Shares of NASDAQ:CPB traded up $0.55 on Friday, reaching $51.89. 2,627,729 shares of the company were exchanged, compared to its average volume of 2,636,016. The company has a 50-day moving average of $48.06 and a 200-day moving average of $45.51. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52. The firm 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 0.18. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $52.33.

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, topping analysts' consensus estimates of $0.62 by $0.01. The firm 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 firm's revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. Equities analysts forecast that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPB. TD Cowen upped their price objective on Campbell Soup from $46.00 to $47.00 and gave the stock a "hold" rating in a research report on Wednesday, August 21st. Wells Fargo & Company increased their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, August 30th. Sanford C. Bernstein upgraded shares of Campbell Soup from an "underperform" rating to a "market perform" rating and boosted their price objective for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. DA Davidson increased their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the company a "buy" rating in a research report on Monday, June 10th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $47.55.

Campbell Soup 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.