AQR Capital Management LLC trimmed its holdings in shares of Campbell Soup (NYSE:CPB) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,950 shares of the company’s stock after selling 77,681 shares during the quarter. AQR Capital Management LLC owned approximately 0.22% of Campbell Soup worth $32,959,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CPB. Robeco Institutional Asset Management B.V. raised its stake in shares of Campbell Soup by 113.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,038,476 shares of the company’s stock worth $101,168,000 after buying an additional 1,081,563 shares during the period. State of Tennessee Treasury Department raised its stake in Campbell Soup by 1,416.2% in the 1st quarter. State of Tennessee Treasury Department now owns 1,145,502 shares of the company’s stock valued at $52,876,000 after purchasing an additional 1,069,952 shares during the last quarter. Janus Henderson Group PLC raised its stake in Campbell Soup by 224.8% in the 1st quarter. Janus Henderson Group PLC now owns 865,278 shares of the company’s stock valued at $39,942,000 after purchasing an additional 598,865 shares during the last quarter. Wells Fargo & Company MN raised its stake in Campbell Soup by 78.2% in the 1st quarter. Wells Fargo & Company MN now owns 1,140,546 shares of the company’s stock valued at $52,648,000 after purchasing an additional 500,603 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Campbell Soup by 128.6% in the 2nd quarter. Victory Capital Management Inc. now owns 803,201 shares of the company’s stock valued at $39,863,000 after purchasing an additional 451,915 shares during the last quarter. 49.37% of the stock is owned by institutional investors and hedge funds.

Campbell Soup stock traded up $0.32 during midday trading on Wednesday, reaching $45.84. 39,172 shares of the stock traded hands, compared to its average volume of 2,524,527. The company has a 50-day simple moving average of $50.07 and a two-hundred day simple moving average of $49.40. The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 1.94. The firm has a market cap of $13.85 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 10.87 and a beta of 0.43. Campbell Soup has a 12-month low of $40.70 and a 12-month high of $57.54.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Campbell Soup had a return on equity of 40.53% and a net margin of 18.73%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts anticipate that Campbell Soup will post 2.93 earnings per share for the current year.

Several research firms recently commented on CPB. Zacks Investment Research downgraded Campbell Soup from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research note on Friday, September 4th. Deutsche Bank increased their price objective on Campbell Soup from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Friday, May 22nd. Jefferies Financial Group raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Monday, June 22nd. Sanford C. Bernstein downgraded Campbell Soup from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $49.00 to $40.00 in a research note on Thursday, June 11th. Finally, Cfra raised Campbell Soup to a “hold” rating in a research note on Wednesday, June 3rd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Campbell Soup currently has an average rating of “Hold” and a consensus price target of $52.07.

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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