Daiwa Securities Group Inc. Has $964,000 Stock Holdings in Campbell Soup (NASDAQ:CPB)

Daiwa Securities Group Inc. lifted its holdings in shares of Campbell Soup (NASDAQ:CPB) by 10.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,327 shares of the company’s stock after buying an additional 2,036 shares during the period. Daiwa Securities Group Inc.’s holdings in Campbell Soup were worth $964,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empirical Finance LLC raised its holdings in shares of Campbell Soup by 3.6% in the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock valued at $307,000 after purchasing an additional 239 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Campbell Soup by 2.1% in the 1st quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after purchasing an additional 260 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Campbell Soup by 4.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after purchasing an additional 286 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Campbell Soup by 1.1% in the 1st quarter. Yousif Capital Management LLC now owns 29,468 shares of the company’s stock valued at $1,310,000 after purchasing an additional 327 shares during the period. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of Campbell Soup by 3.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 10,136 shares of the company’s stock valued at $451,000 after purchasing an additional 328 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Up 2.6 %

Shares of CPB opened at $51.09 on Monday. 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 market capitalization of $15.25 billion, a PE ratio of 20.68, a P/E/G ratio of 3.09 and a beta of 0.18. The firm’s 50 day moving average is $48.60 and its 200-day moving average is $45.80. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $52.81.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion for 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 for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. Equities research analysts forecast that Campbell Soup will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup increased their price target 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 increased their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. DA Davidson increased their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. StockNews.com cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, TD Cowen increased their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday. Three research 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, the stock presently has an average rating of “Hold” and a consensus 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.