Norinchukin Bank The Buys 737 Shares of Campbell Soup Company (CPB)

Norinchukin Bank The boosted its stake in Campbell Soup Company (NYSE:CPB) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,307 shares of the company’s stock after acquiring an additional 737 shares during the period. Norinchukin Bank The’s holdings in Campbell Soup were worth $694,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CPB. Advisors Asset Management Inc. increased its position in Campbell Soup by 5.7% in the 1st quarter. Advisors Asset Management Inc. now owns 6,364 shares of the company’s stock valued at $364,000 after acquiring an additional 344 shares during the period. Suntrust Banks Inc. increased its position in Campbell Soup by 6.4% in the 1st quarter. Suntrust Banks Inc. now owns 4,396 shares of the company’s stock valued at $251,000 after acquiring an additional 265 shares during the period. UBS Asset Management Americas Inc. increased its position in Campbell Soup by 9.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,045,843 shares of the company’s stock valued at $59,864,000 after acquiring an additional 91,272 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Campbell Soup by 29.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,349 shares of the company’s stock valued at $821,000 after acquiring an additional 3,242 shares during the period. Finally, State of Tennessee Treasury Department increased its position in Campbell Soup by 37.3% in the 1st quarter. State of Tennessee Treasury Department now owns 127,840 shares of the company’s stock valued at $7,318,000 after acquiring an additional 34,725 shares during the period. Hedge funds and other institutional investors own 44.29% of the company’s stock.

Campbell Soup Company (NYSE CPB) opened at 47.32 on Wednesday. The firm’s 50-day moving average price is $50.88 and its 200 day moving average price is $54.73. The firm has a market cap of $14.34 billion, a PE ratio of 16.37 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 released its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. On average, equities analysts anticipate that Campbell Soup Company will post $3.05 earnings per share for the current year.

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CPB has been the topic of several recent research reports. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Morgan Stanley restated an “underweight” rating and issued a $47.00 price target (down previously from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Credit Suisse Group restated a “sell” rating and issued a $43.00 price target (down previously from $47.00) on shares of Campbell Soup in a research report on Friday, September 1st. Deutsche Bank AG restated a “hold” rating and issued a $51.00 price target (down previously from $58.00) on shares of Campbell Soup in a research report on Friday, September 1st. Finally, Royal Bank Of Canada cut Campbell Soup from an “underperform” rating to a “market perform” rating in a research report on Sunday, September 3rd. Seven analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Campbell Soup currently has a consensus rating of “Hold” and a consensus target price of $52.33.

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.

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

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