Caisse DE Depot ET Placement DU Quebec Purchases 13,624 Shares of The Campbell's Company $CPB

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in The Campbell's Company by 9.5%, purchasing an additional 13,624 shares during the first quarter, bringing its total holdings to 156,765 shares worth approximately $6.26 million.
• The company's stock has shown volatility, with a one-year low of $29.39 and a high of $52.81, and is currently trading around $31.64.
• Campbell's recently reported earnings of $0.73 EPS, exceeding expectations, while analysts have issued mixed ratings, with a consensus target price around $38.44.

Caisse DE Depot ET Placement DU Quebec boosted its holdings in The Campbell's Company (NASDAQ:CPB - Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,765 shares of the company's stock after purchasing an additional 13,624 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of Campbell's worth $6,258,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Norinchukin Bank The increased its position in shares of Campbell's by 14.3% in the first quarter. Norinchukin Bank The now owns 9,697 shares of the company's stock valued at $387,000 after acquiring an additional 1,212 shares during the period. Credit Agricole S A increased its position in shares of Campbell's by 5.4% in the first quarter. Credit Agricole S A now owns 72,083 shares of the company's stock valued at $2,878,000 after acquiring an additional 3,685 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Campbell's by 150.3% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 15,734 shares of the company's stock valued at $632,000 after acquiring an additional 9,449 shares during the period. Quantbot Technologies LP increased its position in shares of Campbell's by 301.1% in the first quarter. Quantbot Technologies LP now owns 226,338 shares of the company's stock valued at $9,035,000 after acquiring an additional 169,908 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Campbell's by 26.2% in the first quarter. Wellington Management Group LLP now owns 48,600 shares of the company's stock valued at $1,940,000 after acquiring an additional 10,083 shares during the period. 52.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CPB. JPMorgan Chase & Co. began coverage on shares of Campbell's in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $33.00 price objective on the stock. Stifel Nicolaus decreased their price objective 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. Argus cut shares of Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Morgan Stanley reduced their price target on shares of Campbell's from $35.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Finally, DA Davidson reduced their price target on shares of Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $38.11.

Campbell's Stock Down 2.1%

CPB traded down $0.67 during midday trading on Tuesday, reaching $31.27. The company's stock had a trading volume of 5,176,133 shares, compared to its average volume of 4,330,542. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 10.41 and a beta of 0.05. The company has a current ratio of 0.78, a quick ratio of 0.33 and a debt-to-equity ratio of 1.57. The Campbell's Company has a 1 year low of $29.39 and a 1 year high of $52.81. The stock's 50-day moving average is $31.87 and its 200-day moving average is $35.12.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. Campbell's had a net margin of 4.44% and a return on equity of 23.22%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, research analysts expect that The Campbell's Company will post 3.15 EPS for the current year.

Campbell's Company Profile

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.