Zega Financial LLC Purchases Shares of 4,900 Campbell Soup (NASDAQ:CPB)

Zega Financial LLC acquired a new position in Campbell Soup (NASDAQ:CPB) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,900 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors have also modified their holdings of CPB. Mather Group LLC. acquired a new stake in Campbell Soup during the first quarter valued at approximately $28,000. Jones Financial Companies Lllp bought a new stake in shares of Campbell Soup during the 4th quarter worth $31,000. Larson Financial Group LLC boosted its stake in shares of Campbell Soup by 3,760.9% during the 1st 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. TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup in the 2nd quarter worth $44,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Campbell Soup during the second quarter worth $44,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $51.52 on Wednesday. The firm has a market cap of $15.38 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 3.09 and a beta of 0.18. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $48.85 and a 200 day simple moving average of $45.93.

Campbell Soup (NASDAQ:CPB) last issued its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. As a group, sell-side analysts predict that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of analyst reports. Citigroup lifted their price target on Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. lifted their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. TD Cowen upped their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. Barclays lifted their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research report on Thursday, September 12th. Finally, DA Davidson increased their target price on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup has an average rating of “Hold” and a consensus price target of $48.92.

Campbell Soup Company Profile

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.