State of Tennessee Treasury Department trimmed its stake in shares of Campbell Soup Company (NYSE:CPB) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,449 shares of the company’s stock after selling 391 shares during the period. State of Tennessee Treasury Department’s holdings in Campbell Soup were worth $6,646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Motco lifted its holdings in Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after purchasing an additional 1,600 shares in the last quarter. IFP Advisors Inc raised its position in shares of Campbell Soup by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock valued at $142,000 after buying an additional 55 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of Campbell Soup by 19.2% in the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after buying an additional 408 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Campbell Soup by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after buying an additional 204 shares during the last quarter. Finally, Mercer Capital Advisers Inc. raised its position in shares of Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares during the last quarter. 44.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Campbell Soup Company (NYSE CPB) opened at 47.92 on Friday. The stock has a market cap of $14.52 billion, a P/E ratio of 30.25 and a beta of 0.36. The stock’s 50 day moving average is $51.83 and its 200 day moving average is $55.37. 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 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 business 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 quarter last year, the company posted $0.46 earnings per share. Analysts predict that Campbell Soup Company will post $3.04 earnings per share for the current fiscal year.

A number of brokerages have recently commented on CPB. Piper Jaffray Companies began coverage on shares of Campbell Soup in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 target price for the company. Credit Suisse Group reiterated a “sell” rating on shares of Campbell Soup in a research report on Wednesday, May 24th. 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 report on Tuesday, May 23rd. BidaskClub cut shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Finally, 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 report on Wednesday, June 28th. Seven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.67.

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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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