Premier Path Wealth Partners LLC Raises Stock Holdings in Campbell Soup (NYSE:CPB)

Premier Path Wealth Partners LLC grew its stake in shares of Campbell Soup (NYSE:CPB) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,122 shares of the company’s stock after buying an additional 713 shares during the period. Premier Path Wealth Partners LLC’s holdings in Campbell Soup were worth $1,180,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Empirical Finance LLC grew its holdings in Campbell Soup by 3.6% during the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock valued at $307,000 after buying an additional 239 shares in the last quarter. North Star Investment Management Corp. boosted 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 valued at $549,000 after acquiring an additional 260 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Campbell Soup by 4.3% in the fourth 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 in the last quarter. Essex Financial Services Inc. increased its position in Campbell Soup by 5.5% in the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock worth $249,000 after purchasing an additional 292 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in Campbell Soup by 1.1% during the first 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 in the last quarter. 52.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on CPB shares. JPMorgan Chase & Co. raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $52.00 in a research note on Wednesday, June 26th. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $42.00 to $46.00 in a research note on Wednesday, May 15th. StockNews.com lowered Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup boosted their target price on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, May 23rd. Finally, TD Cowen increased their price target on Campbell Soup from $46.00 to $47.00 and gave the company a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $47.08.

Campbell Soup Trading Up 0.4 %

Shares of NYSE CPB traded up $0.20 during mid-day trading on Friday, reaching $50.80. The company had a trading volume of 1,913,385 shares, compared to its average volume of 2,620,175. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.90 and a beta of 0.16. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $50.99. The business’s 50-day moving average is $46.94 and its 200-day moving average is $44.89. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47.

Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities analysts expect that Campbell Soup will post 3.08 earnings per share 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.