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Fintel reports that on September 20, 2024, Argus Research upgraded their outlook for Campbell Soup (NasdaqGS:CPB) from Hold to Buy.
Analyst Price Forecast Suggests 5.56% Downside
As of August 25, 2024, the average one-year price target for Campbell Soup is $48.37/share. The forecasts range from a low of $43.43 to a high of $57.75. The average price target represents a decrease of 5.56% from its latest reported closing price of $51.21 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Campbell Soup is 9,384MM, a decrease of 2.62%. The projected annual non-GAAP EPS is 3.16.
What is the Fund Sentiment?
There are 1,228 funds or institutions reporting positions in Campbell Soup. This is an increase of 6 owner(s) or 0.49% in the last quarter. Average portfolio weight of all funds dedicated to CPB is 0.16%, an increase of 6.03%. Total shares owned by institutions increased in the last three months by 8.58% to 183,179K shares. 
The put/call ratio of CPB is 1.38, indicating a bearish outlook.
What are Other Shareholders Doing?
Van Eck Associates holds 8,710K shares representing 2.92% ownership of the company. In its prior filing, the firm reported owning 8,549K shares , representing an increase of 1.85%. The firm decreased its portfolio allocation in CPB by 2.63% over the last quarter.
MOAT – VanEck Vectors Morningstar Wide Moat ETF holds 8,339K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 8,052K shares , representing an increase of 3.45%. The firm increased its portfolio allocation in CPB by 11.05% over the last quarter.
Beutel, Goodman & Co holds 6,907K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 5,808K shares , representing an increase of 15.90%. The firm increased its portfolio allocation in CPB by 24.72% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 6,152K shares representing 2.06% ownership of the company. In its prior filing, the firm reported owning 6,083K shares , representing an increase of 1.13%. The firm decreased its portfolio allocation in CPB by 0.01% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 5,047K shares representing 1.69% ownership of the company. In its prior filing, the firm reported owning 4,959K shares , representing an increase of 1.74%. The firm decreased its portfolio allocation in CPB by 2.06% 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.
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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.
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