Davidson Investment Advisors held its stake in Campbell Soup Company (NYSE:CPB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,940 shares of the company’s stock at the end of the second quarter. Davidson Investment Advisors’ holdings in Campbell Soup were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. 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 valued at $840,105,000 after acquiring an additional 14,117,312 shares during the period. Vanguard Group Inc. lifted its position in Campbell Soup by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 12,943,076 shares of the company’s stock valued at $740,862,000 after acquiring an additional 356,448 shares during the period. State Street Corp lifted its position in Campbell Soup by 0.8% during the 1st quarter. State Street Corp now owns 8,667,988 shares of the company’s stock valued at $496,147,000 after acquiring an additional 66,612 shares during the period. 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 valued at $190,812,000 after acquiring an additional 833,687 shares during the period. Finally, Schroder Investment Management Group lifted its position in Campbell Soup by 6.2% during the 2nd quarter. Schroder Investment Management Group now owns 3,097,618 shares of the company’s stock valued at $161,045,000 after acquiring an additional 180,429 shares during the period. 44.29% of the stock is owned by institutional investors.

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Shares of Campbell Soup Company (NYSE:CPB) traded down 1.23% on Tuesday, reaching $47.48. 354,873 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $51.03 and a 200-day moving average price of $54.82. The company has a market cap of $14.39 billion, a PE ratio of 16.43 and a beta of 0.36. Campbell Soup Company has a 12-month low of $45.30 and a 12-month high of $64.23.

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 Thomson Reuters’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. Equities research analysts anticipate that Campbell Soup Company will post $3.05 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “neutral” rating and set a $50.00 price target (down from $56.00) on shares of Campbell Soup in a research report on Monday, September 11th. Zacks Investment Research cut shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Monday, September 4th. Goldman Sachs Group, Inc. (The) lowered their price target 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. Royal Bank Of Canada cut shares of Campbell Soup from an “underperform” rating to a “market perform” rating in a research report on Sunday, September 3rd. Finally, UBS AG reissued a “sell” rating and set a $46.00 price target (down from $50.00) on shares of Campbell Soup in a research report on Friday, September 1st. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $52.57.

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

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