American Century Companies Inc. cut its stake in shares of Campbell Soup Company (NYSE:CPB) by 41.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 627,676 shares of the company’s stock after selling 437,237 shares during the period. American Century Companies Inc. owned 0.21% of Campbell Soup worth $32,733,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CPB. BlackRock Inc. boosted its position in shares of Campbell Soup by 2,522.6% in the first quarter. BlackRock Inc. now owns 14,676,936 shares of the company’s stock valued at $840,105,000 after buying an additional 14,117,312 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Campbell Soup by 2.8% in the first quarter. Vanguard Group Inc. now owns 12,943,076 shares of the company’s stock valued at $740,862,000 after buying an additional 356,448 shares during the period. State Street Corp increased its stake in shares of Campbell Soup by 0.8% in the first quarter. State Street Corp now owns 8,667,988 shares of the company’s stock valued at $496,147,000 after buying an additional 66,612 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Campbell Soup by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 5,870,217 shares of the company’s stock valued at $336,011,000 after buying an additional 142,722 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Campbell Soup by 33.3% in the first quarter. Alliancebernstein L.P. now owns 3,333,547 shares of the company’s stock valued at $190,812,000 after buying an additional 833,687 shares during the period. Institutional investors own 43.91% of the company’s stock.

Shares of Campbell Soup Company (NYSE CPB) opened at 50.25 on Thursday. The firm has a market capitalization of $15.23 billion, a P/E ratio of 31.72 and a beta of 0.34. Campbell Soup Company has a 12 month low of $50.18 and a 12 month high of $64.23. The firm’s 50-day moving average is $52.68 and its 200 day moving average is $56.31.

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Several equities research analysts recently issued reports on CPB shares. Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company reiterated a “market perform” rating and issued a $58.00 target price (down from $62.50) on shares of Campbell Soup in a research note on Tuesday, May 23rd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies started coverage on shares of Campbell Soup in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 target price for the company. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $57.24.

About Campbell Soup

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.

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

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