Pittenger & Anderson Inc. continued to hold its stake in shares of Campbell Soup Company (NYSE:CPB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,520 shares of the company’s stock at the end of the 2nd quarter. Pittenger & Anderson Inc.’s holdings in Campbell Soup were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Aberdeen Asset Management PLC UK increased its holdings in Campbell Soup by 5.7% during the second quarter. Aberdeen Asset Management PLC UK now owns 222,391 shares of the company’s stock worth $11,598,000 after buying an additional 11,994 shares during the last quarter. Twin Tree Management LP increased its holdings in Campbell Soup by 37.7% during the second quarter. Twin Tree Management LP now owns 14,365 shares of the company’s stock worth $749,000 after buying an additional 3,931 shares during the last quarter. Franklin Resources Inc. increased its holdings in Campbell Soup by 87.7% during the second quarter. Franklin Resources Inc. now owns 18,382 shares of the company’s stock worth $959,000 after buying an additional 8,587 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in Campbell Soup by 31.8% during the second quarter. Commonwealth Bank of Australia now owns 31,916 shares of the company’s stock worth $1,663,000 after buying an additional 7,706 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Campbell Soup during the second quarter worth about $1,016,000. Institutional investors own 44.32% of the company’s stock.

Several research firms have recently weighed in on CPB. Royal Bank Of Canada downgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating in a research note on Sunday, September 3rd. Goldman Sachs Group, Inc. (The) cut their price objective on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research report on Sunday, September 3rd. UBS AG restated a “sell” rating and issued a $46.00 price objective (down from $50.00) on shares of Campbell Soup in a research report on Friday, September 1st. Morgan Stanley restated an “underweight” rating and issued a $47.00 price objective (down from $52.00) on shares of Campbell Soup in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a $55.00 price objective (down from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th. Seven analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Campbell Soup presently has a consensus rating of “Hold” and an average target price of $53.67.

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Shares of Campbell Soup Company (CPB) traded up 1.12% on Friday, hitting $47.92. 2,871,376 shares of the company traded hands. Campbell Soup Company has a 1-year low of $45.29 and a 1-year high of $64.23. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 30.25 and a beta of 0.36. The firm’s 50 day moving average price is $51.83 and its 200-day moving average price is $55.37.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts expect that Campbell Soup Company will post $3.04 earnings per share for the current year.

Campbell Soup Profile

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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