Empower Advisory Group LLC, a financial advisory firm, has recently made a significant investment in Campbell Soup Company (NYSE: CPB), as reported in their 13F filing with the Securities and Exchange Commission (SEC). The filing indicates that Empower Advisory Group LLC has purchased a new position in Campbell Soup during the first quarter of this year.
According to the filing, Empower Advisory Group LLC acquired 176,037 shares of Campbell Soup’s stock, which is estimated to be worth approximately $9,708,000. This demonstrates a notable commitment by Empower Advisory Group LLC to include Campbell Soup in their investment portfolio. By acquiring this stake, Empower Advisory Group LLC now owns approximately 0.06% of Campbell Soup’s outstanding shares.
Campbell Soup Company is a renowned food and beverage manufacturer that operates worldwide. With its subsidiaries, it develops and markets various food products across multiple categories. The company primarily operates through two segments: Meals & Beverages and Snacks.
The Meals & Beverages segment focuses on retail and foodservice operations in both the United States and Canada. This sector manufactures and distributes iconic brands like Campbell’s soups, Swanson broths, Pace salsas, V8 beverages, and Prego pasta sauces. Additionally, they provide products under well-known labels such as Pacific Foods, Plum Organics, Kettle Brand chips, Late July snacks, Snyder’s of Hanover pretzels, Garden Fresh Gourmet salsas and hummus, among others.
Furthermore, Campbell Soup’s Snacks segment encompasses popular brands such as Pepperidge Farm cookies, Goldfish crackers,and Milano cookies. These snacking options have gained widespread consumer recognition for their quality and taste.
The recent investment by Empower Advisory Group LLC suggests confidence in Campbell Soup’s potential for growth and profitability within the food industry. As an established player in the market with a diverse range of products across various categories, Campbell Soup has a strong foundation for continued success.
Investors and analysts may find it beneficial to closely monitor Campbell Soup’s performance, as this recent investment by Empower Advisory Group LLC reflects positive expectations for the company. Furthermore, investors can refer to updated stock analysis reports to gain further insights into Campbell Soup’s financials and market trends.
In conclusion, Empower Advisory Group LLC’s purchase of a new position in Campbell Soup Company underscores their belief in the company’s potential. As one of the leading manufacturers of food and beverage products internationally, Campbell Soup continues to play a vital role in the industry. This recent investment signals a vote of confidence from Empower Advisory Group LLC and highlights the potential growth opportunities within Campbell Soup’s portfolio of brands.
Institutional Investors Boost Stake in Campbell Soup as Research Firms Offer Mixed Outlook
Campbell Soup Company, a well-known American food processing and packaging company, has garnered the attention of several institutional investors and hedge funds recently. Notable among these investors is Parkside Financial Bank & Trust, which increased its stake in Campbell Soup by a staggering 149.8% in the first quarter of this year. As a result, Parkside Financial now owns 597 shares of the company’s stock valued at $27,000 after purchasing an additional 358 shares during the period.
Another significant investor, Gradient Investments LLC, also boosted their stake in Campbell Soup by 77.7% during the same time frame. They currently hold 519 shares valued at $29,000 after acquiring an additional 227 shares.
Additionally, Altshuler Shaham Ltd joined the ranks of institutional investors by purchasing a new position in Campbell Soup worth approximately $43,000. WealthPlan Investment Management LLC followed suit with a new position valued at around $48,000.
The list of institutional investors concludes with Exos TFP Holdings LLC, which increased its stake in Campbell Soup by 46.8%. Exos TFP now holds 995 shares valued at $55,000 after purchasing an additional 317 shares during this period.
The collective ownership of these institutions represents an ownership stake amounting to approximately 50.73% of Campbell Soup’s stock.
Several research firms have also analyzed Campbell Soup and released reports on their findings. For instance, Evercore ISI issued a research note reducing their target price for the company from $55.00 to $53.00 on June 8th. Similarly, Piper Sandler dropped their price target from $52 to $50 on June 26th.
Royal Bank of Canada reaffirmed a “sector perform” rating and set a price target of $47 for Campbell Soup on September 1st. Jefferies Financial Group also reduced their target from $49 to $46 while maintaining a “hold” rating on the stock in a report published on August 22nd.
Furthermore, four investment analysts have given Campbell Soup’s stock a sell rating, while ten others have issued a hold rating. Based on data from Bloomberg, the company currently has a consensus rating of “Hold” with an average price target of $47.21.
As of September 14th, Campbell Soup’s stock opened at $42.71. The company has a current ratio of 0.93 and a quick ratio of 0.36. With debt-to-equity ratio standing at 1.23, Campbell Soup’s fifty-day simple moving average is $43.94, while its two-hundred-day moving average is $49.12.
In terms of financial performance, Campbell Soup reported earnings per share (EPS) of $0.50 for the quarter ending on August 31st – an EPS that met analysts’ consensus estimates exactly. The firm generated revenue of $2.10 billion during this period, slightly exceeding the consensus estimate of $2.06 billion.
Campbell Soup also exhibited improvements in its return on equity and net margin, amounting to 25.14% and 9.17% respectively for this quarter compared to the prior year period.
Considering these factors alongside a beta value of 0.34 and a market capitalization worth $12.73 billion, Campbell Soup maintains a price-to-earnings ratio of 14.93 and a price-to-earnings-growth ratio of 3.29.
Analysts predict that Campbell Soup will post earnings per share totaling around $3.07 for the full fiscal year based on their expertise in equities analysis.
In conclusion, institutional investors have been actively buying and selling shares in Campbell Soup recently, causing significant changes in ownership stakes within the company. Research firms’ reports reflect mixed sentiments toward the stock’s future outlook, with a consensus rating of “Hold.” Campbell Soup’s financial performance showcased stability, with revenues exceeding estimates. Only time will tell how these developments and evaluations will impact the company going forward.