Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in The Campbell's Company (NASDAQ:CPB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,700 shares of the company's stock, valued at approximately $427,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Manchester Capital Management LLC grew its position in Campbell's by 923.2% in the 1st quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock worth $28,000 after purchasing an additional 637 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Campbell's in the 1st quarter worth approximately $31,000. Riverview Trust Co bought a new stake in shares of Campbell's in the 1st quarter worth approximately $46,000. Banque Cantonale Vaudoise bought a new stake in shares of Campbell's in the 1st quarter worth approximately $47,000. Finally, Curat Global LLC bought a new stake in shares of Campbell's in the 1st quarter worth approximately $58,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.
Campbell's Stock Performance
CPB stock traded up $0.11 during mid-day trading on Friday, hitting $32.51. The company had a trading volume of 4,078,719 shares, compared to its average volume of 4,130,915. The Campbell's Company has a 12 month low of $29.39 and a 12 month high of $52.81. The stock's fifty day moving average price is $31.99 and its two-hundred day moving average price is $35.65. The firm has a market cap of $9.69 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 10.17 and a beta of 0.08. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78.
Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. Campbell's's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. On average, analysts forecast that The Campbell's Company will post 3.15 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on CPB shares. Wells Fargo & Company reduced their target price on Campbell's from $34.00 to $32.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 9th. Citigroup dropped their target price on shares of Campbell's from $33.00 to $32.00 and set a "sell" rating for the company in a research note on Tuesday, June 3rd. Piper Sandler reissued a "neutral" rating and issued a $34.00 price target (down previously from $35.00) on shares of Campbell's in a report on Thursday, August 7th. Evercore ISI cut their target price on shares of Campbell's from $46.00 to $41.00 and set an "in-line" rating on the stock in a research report on Thursday, May 29th. Finally, Stifel Nicolaus cut their target price on shares of Campbell's from $38.00 to $34.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Campbell's presently has an average rating of "Hold" and an average price target of $39.06.
Read Our Latest Stock Analysis on Campbell's
About Campbell's
(
Free Report)
The Campbell's Company, formerly known as 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.
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