Northwestern Mutual Investment Management Company LLC Has $455,000 Stake in Campbell Soup Company (CPB)

Northwestern Mutual Investment Management Company LLC decreased its holdings in shares of Campbell Soup Company (NYSE:CPB) by 82.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,838 shares of the company’s stock after selling 32,265 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Campbell Soup were worth $455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPB. Motco grew its stake in shares of Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after buying an additional 1,600 shares during the last quarter. Johnson Financial Group Inc. grew its stake in shares of Campbell Soup by 19.2% during the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after buying an additional 408 shares during the last quarter. Mercer Capital Advisers Inc. grew its stake in shares of Campbell Soup by 13.6% during the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Campbell Soup by 7.0% during the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after buying an additional 204 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after buying an additional 213 shares during the last quarter. 44.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on CPB shares. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Morgan Stanley reaffirmed an “underweight” rating and set a $47.00 target price (down previously from $52.00) on shares of Campbell Soup in a research note on Friday, September 1st. Credit Suisse Group reaffirmed a “sell” rating and set a $43.00 target price (down previously from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st. Deutsche Bank AG reaffirmed a “hold” rating and set a $51.00 target price (down previously from $58.00) on shares of Campbell Soup in a research note on Friday, September 1st. Finally, Royal Bank Of Canada cut Campbell Soup from an “underperform” rating to a “market perform” rating in a research note on Sunday, September 3rd. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Campbell Soup presently has an average rating of “Hold” and an average price target of $52.57.

Campbell Soup Company (NYSE:CPB) opened at 47.77 on Friday. The company has a 50-day moving average price of $51.29 and a 200 day moving average price of $55.04. The company has a market cap of $14.48 billion, a PE ratio of 30.16 and a beta of 0.36. Campbell Soup Company has a 52 week low of $45.30 and a 52 week high of $64.23.

Campbell Soup (NYSE:CPB) last posted its earnings results on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that Campbell Soup Company will post $3.04 EPS for the current fiscal year.

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Campbell Soup Profile

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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