Chicago Equity Partners LLC Has $697,000 Holdings in Campbell Soup Company (CPB)
Chicago Equity Partners LLC grew its holdings in shares of Campbell Soup Company (NYSE:CPB) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,365 shares of the company’s stock after buying an additional 185 shares during the quarter. Chicago Equity Partners LLC’s holdings in Campbell Soup were worth $697,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of CPB. BlackRock Inc. lifted its position in Campbell Soup by 2,522.6% during the 1st quarter. BlackRock Inc. now owns 14,676,936 shares of the company’s stock worth $840,105,000 after buying an additional 14,117,312 shares in the last quarter. Schroder Investment Management Group lifted its position in Campbell Soup by 97.2% during the 1st quarter. Schroder Investment Management Group now owns 2,917,189 shares of the company’s stock worth $166,601,000 after buying an additional 1,438,025 shares in the last quarter. Alliancebernstein L.P. lifted its position in Campbell Soup by 33.3% during the 1st quarter. Alliancebernstein L.P. now owns 3,333,547 shares of the company’s stock worth $190,812,000 after buying an additional 833,687 shares in the last quarter. Principal Financial Group Inc. lifted its position in Campbell Soup by 211.4% during the 2nd quarter. Principal Financial Group Inc. now owns 943,109 shares of the company’s stock worth $49,184,000 after buying an additional 640,237 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its position in Campbell Soup by 922.3% during the 1st quarter. Gotham Asset Management LLC now owns 641,623 shares of the company’s stock worth $36,727,000 after buying an additional 578,860 shares in the last quarter. 44.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on CPB. Piper Jaffray Companies began coverage on shares of Campbell Soup in a report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 target price on the stock. Credit Suisse Group reaffirmed a “sell” rating and issued a $43.00 target price (down from $47.00) on shares of Campbell Soup in a report on Friday, September 1st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $58.00 target price (down from $62.50) on shares of Campbell Soup in a report on Tuesday, May 23rd. Barclays PLC reaffirmed a “sell” rating on shares of Campbell Soup in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $53.03.
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Shares of Campbell Soup Company (NYSE CPB) opened at 47.73 on Tuesday. Campbell Soup Company has a 52-week low of $45.29 and a 52-week high of $64.23. The company’s 50 day moving average is $51.82 and its 200 day moving average is $55.29. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 30.13 and a beta of 0.36.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the firm earned $0.46 EPS. Campbell Soup’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts anticipate 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.
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