Northern Trust Corp trimmed its holdings in Campbell Soup (NYSE:CPB) by 2.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,311,142 shares of the company’s stock after selling 60,889 shares during the period. Northern Trust Corp’s holdings in Campbell Soup were worth $88,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CPB. JOYN Advisors Inc. increased its position in Campbell Soup by 99.5% during the fourth quarter. JOYN Advisors Inc. now owns 766 shares of the company’s stock worth $25,000 after purchasing an additional 382 shares during the last quarter. Roble Belko & Company Inc acquired a new stake in Campbell Soup during the first quarter worth about $27,000. Bronfman E.L. Rothschild L.P. increased its position in Campbell Soup by 71.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 894 shares of the company’s stock worth $29,000 after purchasing an additional 373 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Campbell Soup during the first quarter worth about $31,000. Finally, CWM LLC increased its position in Campbell Soup by 319.5% during the first quarter. CWM LLC now owns 839 shares of the company’s stock worth $32,000 after purchasing an additional 639 shares during the last quarter. Hedge funds and other institutional investors own 52.08% of the company’s stock.

Shares of CPB stock opened at $42.26 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.62 and a debt-to-equity ratio of 6.07. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 3.32 and a beta of 0.46. Campbell Soup has a 1-year low of $32.03 and a 1-year high of $43.98.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, June 5th. The company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.35 billion. Campbell Soup had a net margin of 3.19% and a return on equity of 54.23%. Campbell Soup’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. Equities research analysts anticipate that Campbell Soup will post 2.55 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on CPB shares. ValuEngine upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Credit Suisse Group raised their price objective on shares of Campbell Soup from $30.00 to $36.00 and gave the stock an “underperform” rating in a research report on Thursday, June 6th. UBS Group set a $36.00 price objective on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Thursday, June 6th. Bank of America restated an “underperform” rating and set a $32.00 price objective on shares of Campbell Soup in a research report on Friday. Finally, Wells Fargo & Co raised their price objective on shares of Campbell Soup from $38.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, June 6th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Campbell Soup has an average rating of “Hold” and an average price target of $40.10.

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About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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

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