Campbell Soup Co. (NYSE:CPB) Given Average Rating of “Hold” by Brokerages
Shares of Campbell Soup Co. (NYSE:CPB) have been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the company. Three equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $58.96.
A number of analysts have recently issued reports on CPB shares. Deutsche Bank AG dropped their price target on Campbell Soup from $63.00 to $61.00 and set a “hold” rating for the company in a research report on Friday, August 26th. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. TheStreet downgraded Campbell Soup from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Wells Fargo & Co. set a $59.50 price target on Campbell Soup and gave the company a “hold” rating in a research report on Sunday, September 4th. Finally, Argus cut Campbell Soup from a “buy” rating to a “hold” rating and raised their price objective for the company from $47.77 to $55.38 in a report on Monday, September 19th.
In related news, VP William J. O’shea sold 13,000 shares of Campbell Soup stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $57.74, for a total transaction of $750,620.00. Following the sale, the vice president now directly owns 28,952 shares in the company, valued at $1,671,688.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carlos Barroso sold 1,600 shares of Campbell Soup stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $57.68, for a total value of $92,288.00. Following the sale, the insider now owns 46,888 shares in the company, valued at $2,704,499.84. The disclosure for this sale can be found here. Insiders own 37.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Janus Capital Management LLC increased its stake in Campbell Soup by 87.3% in the second quarter. Janus Capital Management LLC now owns 2,674,791 shares of the company’s stock valued at $177,954,000 after buying an additional 1,246,493 shares during the period. Laurion Capital Management LP increased its stake in Campbell Soup by 105.4% in the second quarter. Laurion Capital Management LP now owns 62,400 shares of the company’s stock valued at $4,151,000 after buying an additional 1,212,300 shares during the period. Jefferies Group LLC increased its stake in Campbell Soup by 104.8% in the second quarter. Jefferies Group LLC now owns 53,863 shares of the company’s stock valued at $3,584,000 after buying an additional 1,168,992 shares during the period. BlackRock Fund Advisors increased its stake in Campbell Soup by 30.1% in the second quarter. BlackRock Fund Advisors now owns 4,693,665 shares of the company’s stock valued at $312,270,000 after buying an additional 1,087,074 shares during the period. Finally, First Trust Advisors LP increased its stake in Campbell Soup by 94.6% in the second quarter. First Trust Advisors LP now owns 1,648,023 shares of the company’s stock valued at $109,643,000 after buying an additional 801,152 shares during the period. Institutional investors own 43.99% of the company’s stock.
Shares of Campbell Soup (NYSE:CPB) traded down 0.02% during mid-day trading on Monday, reaching $54.69. The company had a trading volume of 1,336,293 shares. The firm has a market capitalization of $16.84 billion, a PE ratio of 30.22 and a beta of 0.38. Campbell Soup has a 12-month low of $47.77 and a 12-month high of $67.89. The stock has a 50 day moving average price of $57.68 and a 200 day moving average price of $61.81.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion. Campbell Soup had a net margin of 7.07% and a return on equity of 59.50%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, equities analysts forecast that Campbell Soup will post $3.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Wednesday, October 12th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 7th. This is a boost from Campbell Soup’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a dividend yield of 2.57%. Campbell Soup’s payout ratio is 69.44%.
Campbell Soup Company Profile
Campbell Soup Company manufactures and markets food products. The Company’s segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces.
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