Northern Trust Corp lessened its stake in shares of Campbell Soup Company (NYSE:CPB) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,058,091 shares of the company’s stock after selling 80,190 shares during the quarter. Northern Trust Corp owned about 1.01% of Campbell Soup worth $159,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Campbell Soup by 2,522.6% during the first 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. increased its stake in shares of Campbell Soup by 2.8% during the first 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 increased its stake in shares of Campbell Soup by 0.8% during the first 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. increased its stake in shares of Campbell Soup by 33.3% during the first 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 increased its stake in shares of Campbell Soup by 6.2% during the second 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. Institutional investors and hedge funds own 44.29% of the company’s stock.

Several research analysts have issued reports on the stock. Piper Jaffray Companies restated a “neutral” rating and issued a $50.00 price target (down previously from $56.00) on shares of Campbell Soup in a research report on Monday, September 11th. Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Credit Suisse Group set a $50.00 price target on shares of Campbell Soup and gave the stock a “sell” rating in a research report on Friday, July 7th. Royal Bank Of Canada lowered shares of Campbell Soup from an “underperform” rating to a “market perform” rating in a research report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) decreased their price target on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Sunday, September 3rd. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $52.33.

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Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share.

Campbell Soup Company 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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