Campbell Soup (NYSE:CPB) gapped up before the market opened on Tuesday . The stock had previously closed at $39.03, but opened at $40.29. Campbell Soup shares last traded at $41.03, with a volume of 5876600 shares trading hands.
A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. Credit Suisse Group reiterated an “underperform” rating and set a $40.00 target price on shares of Campbell Soup in a research note on Monday, April 16th. TheStreet lowered shares of Campbell Soup from a “b-” rating to a “c” rating in a research note on Friday, May 18th. Sanford C. Bernstein set a $33.00 price objective on shares of Campbell Soup and gave the company a “sell” rating in a research report on Tuesday, May 22nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Campbell Soup to $32.00 and set a “neutral” rating for the company in a research report on Monday, May 21st. Ten research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Sell” and a consensus target price of $40.21.
The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.37 and a current ratio of 0.68. The stock has a market cap of $12.19 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 2.50 and a beta of 0.30.
Campbell Soup (NYSE:CPB) last issued its earnings results on Friday, May 18th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.10. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. Campbell Soup had a net margin of 5.97% and a return on equity of 56.59%. Campbell Soup’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. equities analysts anticipate that Campbell Soup will post 2.87 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 30th. Investors of record on Friday, July 13th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, July 12th. Campbell Soup’s dividend payout ratio is currently 46.05%.
In other news, Director Maria Teresa Hilado bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 6th. The stock was bought at an average price of $33.22 per share, with a total value of $66,440.00. Following the acquisition, the director now owns 4,330 shares of the company’s stock, valued at approximately $143,842.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 37.20% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Whittier Trust Co. boosted its holdings in Campbell Soup by 180.0% in the 1st quarter. Whittier Trust Co. now owns 2,800 shares of the company’s stock worth $121,000 after buying an additional 1,800 shares during the period. Zeke Capital Advisors LLC bought a new position in Campbell Soup in the 4th quarter worth $220,000. Intact Investment Management Inc. bought a new position in Campbell Soup in the 1st quarter worth $217,000. Jump Trading LLC bought a new position in Campbell Soup in the 1st quarter worth $229,000. Finally, Dumont & Blake Investment Advisors LLC bought a new position in Campbell Soup in the 4th quarter worth $259,000. 48.65% of the stock is owned by institutional investors.
Campbell Soup Company Profile
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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