UBS Asset Management Americas Inc. reduced its position in shares of Campbell Soup Company (NYSE:CPB) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 960,129 shares of the company’s stock after selling 85,714 shares during the period. UBS Asset Management Americas Inc. owned about 0.32% of Campbell Soup worth $50,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Cleararc Capital Inc. grew its holdings in shares of Campbell Soup by 0.3% during the first quarter. Cleararc Capital Inc. now owns 4,745 shares of the company’s stock worth $272,000 after purchasing an additional 16 shares during the last quarter. Advisors Management Group Inc. ADV grew its holdings in shares of Campbell Soup by 0.3% during the second quarter. Advisors Management Group Inc. ADV now owns 6,119 shares of the company’s stock worth $319,000 after purchasing an additional 21 shares during the last quarter. ARGI Investment Services LLC grew its holdings in shares of Campbell Soup by 0.5% during the first quarter. ARGI Investment Services LLC now owns 13,537 shares of the company’s stock worth $775,000 after purchasing an additional 64 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Campbell Soup by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock worth $240,000 after purchasing an additional 70 shares during the last quarter. Finally, Sentry Investment Management LLC grew its holdings in shares of Campbell Soup by 0.6% during the first quarter. Sentry Investment Management LLC now owns 15,155 shares of the company’s stock worth $867,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 44.29% of the company’s stock.

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CPB has been the topic of a number of recent analyst reports. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Morgan Stanley reaffirmed an “underweight” rating and issued a $47.00 price objective (down from $52.00) on shares of Campbell Soup in a research note on Friday, September 1st. Credit Suisse Group reaffirmed a “sell” rating and issued a $43.00 price objective (down from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st. Royal Bank Of Canada lowered Campbell Soup from an “underperform” rating to a “market perform” rating in a research note on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) cut their price objective on Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Sunday, September 3rd. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Campbell Soup currently has a consensus rating of “Hold” and an average target price of $52.33.

Campbell Soup Company (NYSE:CPB) opened at 45.13 on Monday. The firm has a 50-day moving average price of $50.88 and a 200 day moving average price of $54.73. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 15.62 and a beta of 0.36. Campbell Soup Company has a 52 week low of $44.99 and a 52 week high of $64.23.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. Campbell Soup’s revenue was down 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Campbell Soup Company will post $3.05 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Campbell Soup (NYSE:CPB)

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