National Bank of Canada FI Acquires 10,645 Shares of Campbell Soup (NASDAQ:CPB)

National Bank of Canada FI increased its stake in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 22.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,413 shares of the company's stock after purchasing an additional 10,645 shares during the quarter. National Bank of Canada FI's holdings in Campbell Soup were worth $2,644,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPB. Norges Bank bought a new stake in Campbell Soup in the fourth quarter worth approximately $125,689,000. Van ECK Associates Corp lifted its holdings in Campbell Soup by 16.6% in the 1st quarter. Van ECK Associates Corp now owns 8,548,557 shares of the company's stock worth $379,983,000 after purchasing an additional 1,219,301 shares during the last quarter. AMF Tjanstepension AB bought a new stake in Campbell Soup during the first quarter worth approximately $30,128,000. Bank of New York Mellon Corp grew its holdings in Campbell Soup by 21.2% during the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company's stock valued at $147,375,000 after purchasing an additional 580,411 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Campbell Soup by 262.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 417,596 shares of the company's stock worth $18,871,000 after buying an additional 302,371 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a "buy" rating in a report on Monday, June 10th. StockNews.com downgraded Campbell Soup from a "hold" rating to a "sell" rating in a research note on Wednesday. Barclays raised their target price on Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a report on Thursday. Sanford C. Bernstein upgraded 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an "overweight" rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Campbell Soup presently has an average rating of "Hold" and a consensus price target of $48.58.

Campbell Soup Price Performance

NASDAQ:CPB traded up $0.64 during mid-day trading on Thursday, hitting $49.78. The company's stock had a trading volume of 1,991,958 shares, compared to its average volume of 2,647,539. 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 stock has a fifty day moving average of $48.39 and a 200-day moving average of $45.66. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 3.26 and a beta of 0.18. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned $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 EPS 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.