Campbell Soup Company (CPB) Shares Bought by Amalgamated Bank
Amalgamated Bank lifted its stake in Campbell Soup Company (NYSE:CPB) by 46.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,872 shares of the company’s stock after buying an additional 6,649 shares during the quarter. Amalgamated Bank’s holdings in Campbell Soup were worth $1,088,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in CPB. BlackRock Inc. lifted its holdings in shares of Campbell Soup by 2,522.6% in the first quarter. BlackRock Inc. now owns 14,676,936 shares of the company’s stock worth $840,105,000 after buying an additional 14,117,312 shares in the last quarter. Schroder Investment Management Group lifted its holdings in shares of Campbell Soup by 97.2% in the first quarter. Schroder Investment Management Group now owns 2,917,189 shares of the company’s stock worth $166,601,000 after buying an additional 1,438,025 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Campbell Soup by 33.3% in the first quarter. Alliancebernstein L.P. now owns 3,333,547 shares of the company’s stock worth $190,812,000 after buying an additional 833,687 shares in the last quarter. LSV Asset Management purchased a new position in shares of Campbell Soup in the second quarter worth $35,597,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Campbell Soup by 211.4% in the second quarter. Principal Financial Group Inc. now owns 943,109 shares of the company’s stock worth $49,184,000 after buying an additional 640,237 shares in the last quarter. 44.29% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on CPB shares. Piper Jaffray Companies reissued a “neutral” rating and issued a $50.00 target price (down previously from $56.00) on shares of Campbell Soup in a report on Monday, September 11th. Zacks Investment Research downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Credit Suisse Group set a $50.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada downgraded shares of Campbell Soup from an “underperform” rating to a “market perform” rating in a report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) lowered their target price on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Sunday, September 3rd. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $52.33.
Shares of Campbell Soup Company (CPB) opened at 46.58 on Tuesday. Campbell Soup Company has a 1-year low of $44.99 and a 1-year high of $64.23. The company’s 50-day moving average is $50.88 and its 200-day moving average is $54.73. The stock has a market cap of $14.11 billion, a P/E ratio of 16.12 and a beta of 0.36.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The firm had revenue of $1.66 billion during 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 company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Equities analysts expect that Campbell Soup Company will post $3.05 EPS for the current fiscal year.
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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.
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