UBS Group set a $33.00 target price on Campbell Soup (NYSE:CPB) in a report released on Friday morning, www.stocktargetadvisor.com reports. The firm currently has a sell rating on the stock.
Several other equities analysts also recently issued reports on the company. ValuEngine upgraded Campbell Soup from a strong sell rating to a sell rating in a research report on Thursday, October 11th. Wells Fargo & Co reiterated a hold rating on shares of Campbell Soup in a research report on Friday, October 5th. Credit Suisse Group lowered their target price on Campbell Soup from $36.00 to $33.00 and set a sell rating for the company in a research note on Friday, September 28th. Piper Jaffray Companies set a $35.00 target price on Campbell Soup and gave the company an underweight rating in a research note on Friday, September 14th. Finally, Zacks Investment Research cut Campbell Soup from a hold rating to a strong sell rating in a research note on Wednesday, September 5th. Twelve investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has an average rating of Sell and a consensus target price of $39.73.
CPB traded down $0.47 during trading on Friday, hitting $38.65. The company’s stock had a trading volume of 2,270,653 shares, compared to its average volume of 2,773,925. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.31 and a current ratio of 0.64. Campbell Soup has a 12 month low of $32.63 and a 12 month high of $51.07. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 2.75 and a beta of 0.13.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Thursday, August 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Campbell Soup had a return on equity of 53.88% and a net margin of 3.01%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year. As a group, research analysts predict that Campbell Soup will post 2.41 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 29th. Stockholders of record on Friday, October 12th were paid a $0.35 dividend. The ex-dividend date was Thursday, October 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.62%. Campbell Soup’s dividend payout ratio (DPR) is currently 48.78%.
In other news, insider Luca Mignini bought 5,494 shares of the stock in a transaction dated Tuesday, October 2nd. The stock was bought at an average cost of $36.41 per share, with a total value of $200,036.54. Following the purchase, the insider now owns 112,990 shares of the company’s stock, valued at $4,113,965.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 37.20% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its stake in shares of Campbell Soup by 1.6% during the second quarter. Russell Investments Group Ltd. now owns 80,449 shares of the company’s stock worth $3,267,000 after purchasing an additional 1,254 shares during the period. Ffcm LLC grew its stake in shares of Campbell Soup by 13.9% during the third quarter. Ffcm LLC now owns 11,241 shares of the company’s stock worth $411,000 after purchasing an additional 1,368 shares during the period. Intact Investment Management Inc. grew its stake in shares of Campbell Soup by 28.0% during the second quarter. Intact Investment Management Inc. now owns 6,400 shares of the company’s stock worth $260,000 after purchasing an additional 1,400 shares during the period. US Bancorp DE grew its stake in shares of Campbell Soup by 3.2% during the second quarter. US Bancorp DE now owns 46,510 shares of the company’s stock worth $1,885,000 after purchasing an additional 1,421 shares during the period. Finally, WINTON GROUP Ltd grew its stake in shares of Campbell Soup by 25.9% during the third quarter. WINTON GROUP Ltd now owns 7,040 shares of the company’s stock worth $258,000 after purchasing an additional 1,450 shares during the period. 53.85% of the stock is owned by institutional investors and hedge funds.
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; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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