Edgestream Partners L.P. Acquires 39,274 Shares of Campbell Soup (NASDAQ:CPB)

Edgestream Partners L.P. lifted its holdings in shares of Campbell Soup (NASDAQ:CPB) by 140.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,141 shares of the company’s stock after purchasing an additional 39,274 shares during the period. Edgestream Partners L.P.’s holdings in Campbell Soup were worth $3,034,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in Campbell Soup in the first quarter worth $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup in the 4th quarter valued at about $31,000. Larson Financial Group LLC grew its stake in shares of Campbell Soup by 3,760.9% in the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after buying an additional 865 shares during the period. TruNorth Capital Management LLC bought a new stake in Campbell Soup in the 2nd quarter valued at about $44,000. Finally, Rothschild Investment LLC acquired a new position in Campbell Soup during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Performance

NASDAQ CPB opened at $51.08 on Thursday. The company has a market capitalization of $15.25 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. 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 has a 52-week low of $37.94 and a 52-week high of $52.81. The company has a 50-day simple moving average of $48.96 and a 200 day simple moving average of $45.96.

Campbell Soup (NASDAQ:CPB) last issued 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. 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 analyst estimates of $2.31 billion. During the same quarter last year, the business posted $0.50 EPS. Campbell Soup’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, research analysts predict that Campbell Soup will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays raised their price objective on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. DA Davidson boosted their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. raised their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. TD Cowen raised their target price on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. 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 note on Friday, September 13th. Three research 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. Based on data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and a consensus price target of $48.92.

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.