Fintel reports that on March 1, 2024, DA Davidson initiated coverage of Campbell Soup (NYSE:CPB) with a Buy recommendation.
Analyst Price Forecast Suggests 6.90% Upside
As of February 24, 2024, the average one-year price target for Campbell Soup is 45.83. The forecasts range from a low of 40.40 to a high of $52.50. The average price target represents an increase of 6.90% from its latest reported closing price of 42.87.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Campbell Soup is 9,384MM, an increase of 0.90%. The projected annual non-GAAP EPS is 3.16.
What is the Fund Sentiment?
There are 1253 funds or institutions reporting positions in Campbell Soup. This is a decrease of 4 owner(s) or 0.32% in the last quarter. Average portfolio weight of all funds dedicated to CPB is 0.15%, a decrease of 4.75%. Total shares owned by institutions increased in the last three months by 4.12% to 173,459K shares. 
The put/call ratio of CPB is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Van Eck Associates holds 7,329K shares representing 2.46% ownership of the company. In it's prior filing, the firm reported owning 3,716K shares, representing an increase of 49.30%. The firm increased its portfolio allocation in CPB by 72.11% over the last quarter.
MOAT - VanEck Vectors Morningstar Wide Moat ETF holds 6,884K shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 3,405K shares, representing an increase of 50.54%. The firm increased its portfolio allocation in CPB by 69.96% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,965K shares representing 2.00% ownership of the company. In it's prior filing, the firm reported owning 6,076K shares, representing a decrease of 1.86%. The firm decreased its portfolio allocation in CPB by 8.42% over the last quarter.
Beutel, Goodman & Co holds 5,256K shares representing 1.76% ownership of the company. In it's prior filing, the firm reported owning 5,276K shares, representing a decrease of 0.39%. The firm decreased its portfolio allocation in CPB by 5.90% over the last quarter.
Renaissance Technologies holds 5,120K shares representing 1.72% ownership of the company. In it's prior filing, the firm reported owning 4,491K shares, representing an increase of 12.28%. The firm increased its portfolio allocation in CPB by 8.91% over the last quarter.
Campbell Soup Background Information
(This description is provided by the company.)
Campbell is driven and inspired by our purpose, 'Real food that matters for life's moments.' For generations, people have trusted Campbell to provide authentic, flavorful and affordable snacks, soups and simple meals, and beverages. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet's natural resources. The company is a member of the Standard and Poor's 500 and the FTSE4Good Index.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
