Los Angeles Capital Management LLC Has $2.04 Million Stock Holdings in Campbell Soup (NASDAQ:CPB)

Los Angeles Capital Management LLC reduced its stake in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 35.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,121 shares of the company's stock after selling 24,436 shares during the quarter. Los Angeles Capital Management LLC's holdings in Campbell Soup were worth $2,039,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Savant Capital LLC increased its position in Campbell Soup by 8.8% in the 2nd quarter. Savant Capital LLC now owns 11,781 shares of the company's stock valued at $532,000 after acquiring an additional 953 shares during the period. Fluent Financial LLC acquired a new stake in shares of Campbell Soup in the second quarter valued at about $296,000. National Bank of Canada FI boosted its holdings in Campbell Soup by 22.3% during the second quarter. National Bank of Canada FI now owns 58,413 shares of the company's stock worth $2,644,000 after buying an additional 10,645 shares in the last quarter. TD Asset Management Inc grew its position in Campbell Soup by 15.5% during the second quarter. TD Asset Management Inc now owns 986,109 shares of the company's stock worth $44,562,000 after buying an additional 132,453 shares during the period. Finally, Strategy Asset Managers LLC purchased a new position in Campbell Soup in the second quarter valued at about $594,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on CPB. TD Cowen raised their price target on shares of Campbell Soup from $46.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, August 21st. Wells Fargo & Company lifted their price objective on Campbell Soup from $49.00 to $51.00 and gave the company an "equal weight" rating in a research note on Wednesday. Royal Bank of Canada reissued a "sector perform" rating and issued a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Sanford C. Bernstein upgraded 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 note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $48.18.

Campbell Soup Stock Performance

Shares of NASDAQ CPB traded down $1.96 during midday trading on Wednesday, reaching $49.14. 4,040,348 shares of the company traded hands, compared to its average volume of 2,651,246. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $52.81. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 3.26 and a beta of 0.18. The stock has a 50-day moving average price of $48.30 and a 200 day moving average price of $45.64. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24.

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

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.