Renaissance Technologies LLC Has $149.85 Million Holdings in Campbell Soup (NASDAQ:CPB)

Renaissance Technologies LLC lowered its position in Campbell Soup (NASDAQ:CPB - Free Report) by 23.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,315,995 shares of the company's stock after selling 1,016,700 shares during the quarter. Renaissance Technologies LLC owned 1.11% of Campbell Soup worth $149,850,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Empirical Finance LLC lifted its position in shares of Campbell Soup by 3.6% during the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company's stock worth $307,000 after buying an additional 239 shares during the period. North Star Investment Management Corp. lifted its position in shares of Campbell Soup by 2.1% during the 1st quarter. North Star Investment Management Corp. now owns 12,357 shares of the company's stock worth $549,000 after buying an additional 260 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Campbell Soup by 4.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company's stock worth $303,000 after buying an additional 286 shares during the period. Yousif Capital Management LLC lifted its position in shares of Campbell Soup by 1.1% during the 1st quarter. Yousif Capital Management LLC now owns 29,468 shares of the company's stock worth $1,310,000 after buying an additional 327 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its position in shares of Campbell Soup by 3.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 10,136 shares of the company's stock worth $451,000 after buying an additional 328 shares during the period. Institutional investors own 52.35% of the company's stock.

Campbell Soup Trading Up 0.9 %

CPB stock traded up $0.47 during midday trading on Monday, hitting $51.56. 1,794,210 shares of the company's stock were exchanged, compared to its average volume of 2,639,189. The company has a market cap of $15.39 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. The stock's fifty day moving average price is $48.60 and its 200-day moving average price is $45.80. Campbell Soup has a one year low of $37.94 and a one year high of $52.81. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61.

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, beating analysts' consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. Research analysts predict that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CPB. TD Cowen raised their price target on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Wells Fargo & Company raised their price target on Campbell Soup from $49.00 to $51.00 and gave the company an "equal weight" rating in a report on Wednesday, September 11th. Royal Bank of Canada raised their price target on Campbell Soup from $47.00 to $51.00 and gave the company a "sector perform" rating in a report on Friday. Finally, Barclays raised their price target on Campbell Soup from $45.00 to $49.00 and gave the company an "underweight" rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $48.92.

Campbell Soup 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.