Parallel Advisors LLC grew its position in shares of Campbell Soup (NASDAQ:CPB – Free Report) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,299 shares of the company’s stock after buying an additional 838 shares during the quarter. Parallel Advisors LLC’s holdings in Campbell Soup were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in Campbell Soup by 1.9% during the second quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after buying an additional 161,392 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 worth $147,375,000 after buying an additional 580,411 shares during the last quarter. Norges Bank bought a new stake in Campbell Soup during the fourth quarter worth about $125,689,000. LSV Asset Management grew its stake in Campbell Soup by 5,022.5% during the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock worth $110,187,000 after buying an additional 2,390,700 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Campbell Soup by 7.3% during the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock worth $55,554,000 after buying an additional 85,099 shares during the last quarter. 52.35% of the stock is owned by institutional investors.
Campbell Soup Trading Down 0.1 %
Shares of NASDAQ CPB opened at $51.52 on Wednesday. The company’s 50 day simple moving average is $48.85 and its 200 day simple moving average is $45.93. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The firm has a market capitalization of $15.38 billion, a P/E ratio of 20.86, a P/E/G ratio of 3.09 and a beta of 0.18. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. DA Davidson upped their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. StockNews.com lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada upped their target price on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.92.
Check Out Our Latest Analysis on Campbell Soup
About Campbell Soup
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.
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