Shares of Campbell Soup (NYSE:CPB) have earned an average recommendation of “Sell” from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.62.
Several equities research analysts recently weighed in on CPB shares. Barclays decreased their price objective on Campbell Soup from $47.00 to $33.00 and set an “underweight” rating for the company in a report on Monday. Piper Jaffray Companies lowered Campbell Soup from a “neutral” rating to an “underweight” rating and set a $59.00 price objective for the company. in a report on Wednesday, February 28th. Royal Bank of Canada decreased their price objective on Campbell Soup to $40.00 and set a “sector perform” rating for the company in a report on Monday. Bank of America lowered Campbell Soup from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $34.37 to $31.00 in a report on Monday. Finally, Sanford C. Bernstein set a $33.00 price objective on Campbell Soup and gave the stock a “sell” rating in a report on Tuesday.
Shares of Campbell Soup traded up $0.26, reaching $34.60, during mid-day trading on Friday, according to Marketbeat.com. 4,960,000 shares of the company’s stock were exchanged, compared to its average volume of 3,388,536. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 2.11 and a beta of 0.33. Campbell Soup has a 52 week low of $33.28 and a 52 week high of $59.14. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.68 and a quick ratio of 0.35.
Campbell Soup (NYSE:CPB) last released its earnings results on Friday, May 18th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.10. Campbell Soup had a return on equity of 56.59% and a net margin of 5.97%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the business posted $0.59 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. research analysts expect that Campbell Soup will post 2.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Shareholders of record on Wednesday, April 11th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Tuesday, April 10th. Campbell Soup’s payout ratio is presently 46.05%.
A number of hedge funds have recently bought and sold shares of CPB. Whittier Trust Co. grew its holdings in Campbell Soup by 180.0% during the 1st quarter. Whittier Trust Co. now owns 2,800 shares of the company’s stock valued at $121,000 after buying an additional 1,800 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Campbell Soup by 199.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,998 shares of the company’s stock valued at $144,000 after buying an additional 1,998 shares in the last quarter. First Personal Financial Services grew its holdings in Campbell Soup by 44.0% during the 4th quarter. First Personal Financial Services now owns 3,856 shares of the company’s stock valued at $186,000 after buying an additional 1,179 shares in the last quarter. Confluence Wealth Management LLC purchased a new position in Campbell Soup during the 4th quarter valued at about $207,000. Finally, Cypress Wealth Services LLC purchased a new position in Campbell Soup during the 4th quarter valued at about $208,000. 48.61% of the stock is owned by institutional investors and hedge funds.
About Campbell Soup
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; and Campbell's tomato juices in the United States, Canada, and Latin America.
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