Oregon Public Employees Retirement Fund Purchases New Holdings in Campbell Soup (CPB)

Oregon Public Employees Retirement Fund purchased a new stake in Campbell Soup (NYSE:CPB) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 47,475 shares of the company’s stock, valued at approximately $1,925,000.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Campbell Soup by 1,609.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,564 shares of the company’s stock valued at $104,000 after buying an additional 2,414 shares during the last quarter. IMA Wealth Inc. bought a new position in shares of Campbell Soup in the second quarter valued at about $130,000. Jolley Asset Management LLC bought a new position in shares of Campbell Soup in the second quarter valued at about $141,000. Tompkins Financial Corp raised its holdings in shares of Campbell Soup by 94.1% in the second quarter. Tompkins Financial Corp now owns 4,145 shares of the company’s stock valued at $168,000 after buying an additional 2,010 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Campbell Soup in the first quarter valued at about $217,000. 54.98% of the stock is owned by institutional investors and hedge funds.

CPB has been the subject of several recent research reports. Piper Jaffray Companies set a $35.00 price objective on Campbell Soup and gave the stock an “underweight” rating in a report on Friday. Wolfe Research cut Campbell Soup from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 5th. JPMorgan Chase & Co. cut Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 price objective for the company. in a report on Friday, August 10th. Zacks Investment Research cut Campbell Soup from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 5th. Finally, UBS Group set a $30.00 price objective on Campbell Soup and gave the stock a “sell” rating in a report on Thursday, August 23rd. Twelve analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Sell” and an average price target of $40.07.

Shares of NYSE:CPB opened at $41.29 on Friday. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 2.77 and a beta of 0.20. Campbell Soup has a 1-year low of $32.63 and a 1-year high of $51.07. The company has a debt-to-equity ratio of 5.83, a current ratio of 0.64 and a quick ratio of 0.37.

Campbell Soup (NYSE:CPB) last posted its earnings results on Thursday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.24 billion. Campbell Soup had a return on equity of 53.88% and a net margin of 3.01%. The company’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. sell-side analysts expect that Campbell Soup will post 2.47 EPS for the current year.

Campbell Soup Profile

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; and Campbell's tomato juices in the United States, Canada, and Latin America.

Further Reading: Compound Annual Growth Rate (CAGR)

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

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