Campbell Soup Company (CPB) is Bellwether Investment Group LLC’s 8th Largest Position

Bellwether Investment Group LLC boosted its position in Campbell Soup Company (NYSE:CPB) by 965.7% during the first quarter, Holdings Channel reports. The fund owned 9,858 shares of the company’s stock after buying an additional 8,933 shares during the period. Campbell Soup Company makes up 1.5% of Bellwether Investment Group LLC’s holdings, making the stock its 8th largest position. Bellwether Investment Group LLC’s holdings in Campbell Soup Company were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC purchased a new position in Campbell Soup Company during the fourth quarter worth about $121,000. IFP Advisors Inc boosted its position in shares of Campbell Soup Company 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 period. Van ECK Associates Corp boosted its position in shares of Campbell Soup Company by 22.9% in the fourth quarter. Van ECK Associates Corp now owns 2,918 shares of the company’s stock valued at $176,000 after buying an additional 543 shares during the period. Whittier Trust Co. boosted its position in shares of Campbell Soup Company by 2.8% in the first quarter. Whittier Trust Co. now owns 3,469 shares of the company’s stock valued at $198,000 after buying an additional 94 shares during the period. Finally, Tudor Investment Corp Et Al bought a new position in shares of Campbell Soup Company during the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 43.93% of the company’s stock.

Institutional Ownership by Quarter for Campbell Soup Company (NYSE:CPB)

Shares of Campbell Soup Company (NYSE:CPB) traded down 0.33% on Tuesday, reaching $54.64. The company’s stock had a trading volume of 874,480 shares. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of 34.49 and a beta of 0.35. Campbell Soup Company has a 12 month low of $52.58 and a 12 month high of $67.89. The stock has a 50 day moving average of $57.25 and a 200-day moving average of $59.02.

Campbell Soup Company (NYSE:CPB) last announced its quarterly earnings data on Friday, May 19th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.05. Campbell Soup Company had a net margin of 6.17% and a return on equity of 59.83%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts anticipate that Campbell Soup Company will post $3.05 EPS for the current year.

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Several research analysts recently commented on CPB shares. Credit Suisse Group reissued a “sell” rating on shares of Campbell Soup Company in a research report on Wednesday, May 24th. Sanford C. Bernstein cut Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 price objective for the company. in a research report on Tuesday, March 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $60.00 price objective (down from $63.00) on shares of Campbell Soup Company in a research report on Tuesday, February 21st. Zacks Investment Research cut Campbell Soup Company from a “buy” rating to a “hold” rating in a research report on Wednesday, February 22nd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $58.00 price objective (down from $62.50) on shares of Campbell Soup Company in a research report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Campbell Soup Company currently has an average rating of “Hold” and an average price target of $59.95.

In other news, Director Bennett Dorrance bought 915,766 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was bought at an average cost of $57.34 per share, for a total transaction of $52,510,022.44. Following the completion of the acquisition, the director now owns 24,978 shares in the company, valued at approximately $1,432,238.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 37.30% of the stock is currently owned by company insiders.

About Campbell Soup Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CPB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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