M&G Plc Invests $469,000 in Campbell Soup (NYSE:CPB)

M&G Plc bought a new stake in Campbell Soup (NYSE:CPB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,423 shares of the company’s stock, valued at approximately $469,000.

Other hedge funds also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in Campbell Soup during the first quarter valued at $28,000. Jones Financial Companies Lllp purchased a new position in Campbell Soup during the 4th quarter valued at about $31,000. Larson Financial Group LLC boosted its stake in Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after acquiring an additional 865 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Campbell Soup by 79.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after purchasing an additional 449 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Campbell Soup during the first quarter valued at approximately $83,000. 52.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, June 7th. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. DA Davidson raised their price target on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. JPMorgan Chase & Co. upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $52.00 in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $46.40.

Campbell Soup Trading Up 0.6 %

Campbell Soup stock opened at $48.71 on Wednesday. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $50.63. The company has a market cap of $14.54 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.90 and a beta of 0.16. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47. The business has a 50-day simple moving average of $45.87 and a two-hundred day simple moving average of $44.59.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts predict that Campbell Soup will post 3.08 EPS for the current year.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.