Andra AP fonden Cuts Stake in Campbell Soup (NASDAQ:CPB)

Andra AP fonden lessened its position in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 76.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,700 shares of the company's stock after selling 110,500 shares during the quarter. Andra AP fonden's holdings in Campbell Soup were worth $1,523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Campbell Soup during the 4th quarter valued at $125,689,000. LSV Asset Management increased its position in Campbell Soup by 5,022.5% during the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock valued at $110,187,000 after buying an additional 2,390,700 shares in the last quarter. Van ECK Associates Corp raised its stake in Campbell Soup by 16.6% in the first quarter. Van ECK Associates Corp now owns 8,548,557 shares of the company's stock valued at $379,983,000 after buying an additional 1,219,301 shares during the last quarter. AMF Tjanstepension AB acquired a new stake in Campbell Soup in the first quarter worth about $30,128,000. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 worth $147,375,000 after acquiring an additional 580,411 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CPB. Royal Bank of Canada increased their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "sector perform" rating in a research report on Friday. Citigroup boosted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the company a "sell" rating in a report on Thursday, May 23rd. Wells Fargo & Company raised their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, StockNews.com cut Campbell Soup from a "hold" rating to a "sell" rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Campbell Soup currently has an average rating of "Hold" and an average target price of $48.92.

Campbell Soup Stock Performance

Shares of NASDAQ:CPB traded up $1.31 during trading on Friday, hitting $51.09. 2,014,662 shares of the stock traded hands, compared to its average volume of 2,643,963. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a fifty day moving average price of $48.48 and a two-hundred day moving average price of $45.69. 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 $15.25 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 3.09 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $2.31 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities analysts predict that Campbell Soup will post 3.18 EPS for the current 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.