Campbell Soup (NYSE:CPB) Given New $41.00 Price Target at UBS

Campbell Soup (NYSE:CPB) had its target price cut by UBS from $42.00 to $41.00 in a research note published on Wednesday, November 22nd, 99wallstreet.com reports. They currently have a sell rating on the stock.

Several other analysts also recently commented on CPB. Royal Bank Of Canada set a $56.00 price objective on Campbell Soup and gave the company a hold rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Campbell Soup from a sell rating to a hold rating in a report on Tuesday, August 29th. Deutsche Bank restated a hold rating and issued a $51.00 price target (down previously from $58.00) on shares of Campbell Soup in a report on Friday, September 1st. Piper Jaffray Companies set a $50.00 target price on Campbell Soup and gave the company a hold rating in a report on Wednesday, October 11th. Finally, Goldman Sachs Group lowered their target price on Campbell Soup from $49.00 to $45.00 and set a hold rating on the stock in a report on Sunday, September 3rd. Seven equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Campbell Soup has an average rating of Hold and a consensus target price of $49.91.

Campbell Soup (NYSE:CPB) traded up $1.10 during mid-day trading on Wednesday, hitting $50.32. The company had a trading volume of 3,456,700 shares, compared to its average volume of 2,005,990. Campbell Soup has a 52-week low of $44.99 and a 52-week high of $64.23. The stock has a market cap of $14,792.01, a P/E ratio of 16.74, a PEG ratio of 3.74 and a beta of 0.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.42.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. sell-side analysts expect that Campbell Soup will post 2.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, January 9th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.95%.

In other Campbell Soup news, insider Luca Mignini bought 4,300 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were acquired at an average cost of $46.47 per share, with a total value of $199,821.00. Following the completion of the transaction, the insider now owns 88,178 shares in the company, valued at $4,097,631.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Motco boosted its stake in Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after acquiring an additional 1,600 shares during the period. First Personal Financial Services raised its holdings in shares of Campbell Soup by 180.9% during the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after buying an additional 1,724 shares during the last quarter. Mercer Capital Advisers Inc. raised its holdings in shares of Campbell Soup by 13.6% during the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Campbell Soup during the third quarter valued at approximately $175,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after buying an additional 213 shares during the last quarter. Institutional investors own 46.33% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.dispatchtribunal.com/2017/12/05/campbell-soup-company-cpb-price-target-cut-to-41-00.html.

About Campbell Soup

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply