Dai ichi Life Insurance Company Ltd Raises Stake in Campbell Soup (NASDAQ:CPB)

Dai ichi Life Insurance Company Ltd increased its holdings in shares of Campbell Soup (NASDAQ:CPB - Free Report) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,128 shares of the company's stock after acquiring an additional 29,184 shares during the period. Dai ichi Life Insurance Company Ltd owned approximately 0.06% of Campbell Soup worth $7,688,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Mather Group LLC. purchased a new position in Campbell Soup during the first quarter valued at $28,000. Jones Financial Companies Lllp purchased a new stake in Campbell Soup during the fourth quarter valued at $31,000. Larson Financial Group LLC raised its position in Campbell Soup by 3,760.9% during 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 during the period. TruNorth Capital Management LLC bought a new position in Campbell Soup during the second quarter valued at $44,000. Finally, Rothschild Investment LLC bought a new position in Campbell Soup during the 2nd quarter valued at about $44,000. 52.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CPB shares. TD Cowen lifted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a report on Thursday. Barclays lifted their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a report on Thursday. DA Davidson increased 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 lowered shares of Campbell Soup from a "hold" rating to a "sell" rating in a report on Wednesday. Finally, Citigroup increased their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the company a "sell" rating in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Campbell Soup has an average rating of "Hold" and an average price target of $48.92.

Campbell Soup Stock Performance

Campbell Soup stock traded up $1.31 during mid-day trading on Friday, hitting $51.09. The company had a trading volume of 2,014,662 shares, compared to its average volume of 2,643,963. The company's fifty day moving average is $48.60 and its 200-day moving average is $45.78. The company has a market capitalization 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 has a 12-month low of $37.94 and a 12-month high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly 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. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Equities research 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.