Campbell Soup (NYSE:CPB) Earns Hold Rating from Royal Bank Of Canada

Campbell Soup (NYSE:CPB)‘s stock had its “hold” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday, November 22nd. They currently have a $53.00 price objective on the stock, down from their previous price objective of $55.00. Royal Bank Of Canada’s target price suggests a potential upside of 5.33% from the stock’s previous close.

CPB has been the topic of a number of other research reports. Credit Suisse Group reaffirmed a “sell” rating and set a $43.00 price target (down previously from $47.00) on shares of Campbell Soup in a research report on Friday, September 1st. Barclays reissued a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. UBS reissued a “sell” rating and issued a $46.00 target price (down previously from $50.00) on shares of Campbell Soup in a research report on Friday, September 1st. Finally, Piper Jaffray Companies set a $50.00 target price on Campbell Soup and gave the company a “hold” rating in a research report on Wednesday, October 11th. Seven investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Campbell Soup currently has an average rating of “Hold” and an average price target of $49.91.

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

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.05). The business 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 prior year, the business earned $1.00 EPS. analysts anticipate that Campbell Soup will post 2.96 EPS for the current fiscal year.

In related news, insider Luca Mignini purchased 4,300 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was purchased at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the purchase, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were 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 owned by company insiders.

A number of hedge funds have recently bought and sold shares of CPB. Vanguard Group Inc. boosted its stake in shares of Campbell Soup by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 13,103,256 shares of the company’s stock worth $683,334,000 after acquiring an additional 160,180 shares during the period. State Street Corp boosted its stake in shares of Campbell Soup by 0.9% during the 2nd quarter. State Street Corp now owns 8,750,268 shares of the company’s stock worth $456,326,000 after acquiring an additional 82,280 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Campbell Soup by 16.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,493,192 shares of the company’s stock worth $304,011,000 after acquiring an additional 897,314 shares during the period. Schroder Investment Management Group boosted its stake in shares of Campbell Soup by 14.9% during the 3rd quarter. Schroder Investment Management Group now owns 3,560,628 shares of the company’s stock worth $167,527,000 after acquiring an additional 463,010 shares during the period. Finally, APG Asset Management N.V. boosted its stake in shares of Campbell Soup by 50.7% during the 3rd quarter. APG Asset Management N.V. now owns 3,545,569 shares of the company’s stock worth $166,004,000 after acquiring an additional 1,192,900 shares during the period. Hedge funds and other institutional investors own 46.33% of the company’s stock.

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Campbell Soup Company Profile

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)

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