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.
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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.
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