LSV Asset Management Purchases 2,390,700 Shares of Campbell Soup (NASDAQ:CPB)

LSV Asset Management boosted its stake in Campbell Soup (NASDAQ:CPB - Free Report) by 5,022.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,438,300 shares of the company's stock after purchasing an additional 2,390,700 shares during the quarter. LSV Asset Management owned about 0.82% of Campbell Soup worth $110,187,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of Campbell Soup in the first quarter valued at $28,000. Jones Financial Companies Lllp purchased a new stake in shares of Campbell Soup in the fourth quarter worth approximately $31,000. Larson Financial Group LLC lifted its holdings in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company's stock valued at $39,000 after purchasing an additional 865 shares in the last quarter. TruNorth Capital Management LLC bought a new stake in Campbell Soup during the second quarter worth $44,000. Finally, Rothschild Investment LLC purchased a new stake in Campbell Soup in the 2nd quarter valued at $44,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of NASDAQ:CPB traded down $0.15 during trading on Monday, hitting $51.74. 2,935,505 shares of the company were exchanged, compared to its average volume of 2,637,746. The company has a market cap of $15.45 billion, a PE ratio of 20.95, a P/E/G ratio of 3.26 and a beta of 0.18. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $52.33. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The stock has a 50 day moving average of $48.19 and a 200 day moving average of $45.58.

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

Analyst Upgrades and Downgrades

CPB has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Campbell Soup from a "neutral" rating to an "overweight" rating and increased their target price for the company from $45.00 to $52.00 in a report on Wednesday, June 26th. Citigroup lifted their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a "sell" rating in a research report on Thursday, May 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $47.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $47.55.

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.