OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of The Campbell’s Company (NASDAQ:CPB – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 35,000 shares of the company’s stock, valued at approximately $779,000.
Other large investors also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Campbell’s in the 2nd quarter valued at about $31,000. Citizens Financial Group Inc. RI bought a new stake in Campbell’s during the second quarter worth about $273,000. Commerzbank Aktiengesellschaft FI acquired a new position in Campbell’s during the second quarter valued at approximately $878,000. Bank of New York Mellon Corp acquired a new position in Campbell’s during the second quarter valued at approximately $79,090,000. Finally, Mirabella Financial Services LLP grew its stake in Campbell’s by 42.4% in the second quarter. Mirabella Financial Services LLP now owns 17,184 shares of the company’s stock valued at $383,000 after purchasing an additional 5,117 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.
Campbell’s Stock Up 0.8%
Campbell’s stock opened at $23.95 on Friday. The company’s 50-day moving average price is $22.41 and its two-hundred day moving average price is $22.73. The company has a quick ratio of 0.38, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. The stock has a market cap of $7.14 billion, a P/E ratio of 11.86 and a beta of 0.02. The Campbell’s Company has a twelve month low of $19.56 and a twelve month high of $34.17.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. DA Davidson upgraded Campbell’s to a “hold” rating in a research note on Monday, July 6th. UBS Group raised their target price on shares of Campbell’s from $17.00 to $18.00 and gave the company a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday. Royal Bank Of Canada dropped their price target on shares of Campbell’s from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of Campbell’s in a research note on Monday, June 8th. Twelve equities research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $20.40.
Get Our Latest Analysis on Campbell’s
Campbell’s Profile
Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.
The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.
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