Invesco Ltd. Increases Position in The Campbell's Company (NASDAQ:CPB)

Invesco Ltd. grew its position in shares of The Campbell's Company (NASDAQ:CPB - Free Report) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,965,668 shares of the company's stock after buying an additional 320,120 shares during the quarter. Invesco Ltd. owned 1.67% of Campbell's worth $198,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors purchased a new position in Campbell's during the first quarter valued at $410,000. Teacher Retirement System of Texas purchased a new position in Campbell's during the first quarter valued at $1,131,000. KBC Group NV lifted its position in Campbell's by 182.0% during the first quarter. KBC Group NV now owns 498,216 shares of the company's stock valued at $19,889,000 after purchasing an additional 321,520 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Campbell's by 13.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company's stock valued at $1,027,000 after purchasing an additional 3,010 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Campbell's by 24.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company's stock valued at $534,000 after purchasing an additional 2,614 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Evercore ISI lowered their target price on 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. Argus downgraded Campbell's from a "buy" rating to a "hold" rating in a research report on Friday, June 20th. Jefferies Financial Group decreased their price target on Campbell's from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. DA Davidson decreased their price target on Campbell's from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Finally, Wells Fargo & Company decreased their price target 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Campbell's currently has an average rating of "Hold" and an average price target of $39.06.

Campbell's Price Performance

Shares of CPB stock traded up $0.11 during trading hours on Friday, hitting $32.51. The stock had a trading volume of 4,078,719 shares, compared to its average volume of 5,012,271. The Campbell's Company has a one year low of $29.39 and a one year high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33. The stock's 50-day moving average price is $31.95 and its two-hundred day moving average price is $35.58. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 10.16 and a beta of 0.08.

Campbell's (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The company had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts forecast 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.