Banque Cantonale Vaudoise Acquires 18,008 Shares of Campbell Soup (NASDAQ:CPB)

Banque Cantonale Vaudoise increased its holdings in shares of Campbell Soup (NASDAQ:CPB) by 47.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,281 shares of the company’s stock after buying an additional 18,008 shares during the period. Banque Cantonale Vaudoise’s holdings in Campbell Soup were worth $2,544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Empirical Finance LLC raised its stake in shares of Campbell Soup by 3.6% during the first quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after buying an additional 239 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Campbell Soup by 2.1% during the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock worth $549,000 after buying an additional 260 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Campbell Soup by 4.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock worth $303,000 after buying an additional 286 shares during the last quarter. Essex Financial Services Inc. grew its holdings in Campbell Soup by 5.5% during the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock valued at $249,000 after purchasing an additional 292 shares during the period. Finally, Yousif Capital Management LLC grew its holdings 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 during the period. 52.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CPB shares. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Tuesday. Sanford C. Bernstein upgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $42.00 to $46.00 in a report on Wednesday, May 15th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday. Finally, DA Davidson boosted their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $47.23.

Campbell Soup Stock Up 1.0 %

CPB traded up $0.47 during trading hours on Friday, hitting $49.72. 3,372,805 shares of the company’s stock were exchanged, compared to its average volume of 2,641,349. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $50.99. The stock’s 50-day moving average is $47.45 and its two-hundred day moving average is $45.13. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.90 and a beta of 0.16. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts predict that Campbell Soup will post 3.08 earnings per share for the current fiscal 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.