Campbell Soup Co. (CPB) Upgraded to Buy at TheStreet
A number of other equities research analysts also recently weighed in on CPB. Zacks Investment Research downgraded Campbell Soup from a hold rating to a sell rating in a research note on Tuesday, July 26th. Credit Suisse Group AG reaffirmed a sell rating and set a $60.00 price target on shares of Campbell Soup in a research note on Thursday, July 28th. Deutsche Bank AG cut their price target on Campbell Soup from $63.00 to $61.00 and set a hold rating for the company in a research note on Friday, August 26th. Royal Bank Of Canada cut their price target on Campbell Soup from $62.00 to $58.00 and set a sector perform rating for the company in a research note on Friday, September 2nd. Finally, Citigroup Inc. cut their price target on Campbell Soup from $67.00 to $63.00 and set a neutral rating for the company in a research note on Friday, September 2nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. Campbell Soup presently has an average rating of Hold and an average price target of $59.50.
Campbell Soup (NYSE:CPB) traded down 0.35% during trading on Tuesday, hitting $56.82. The stock had a trading volume of 2,796,291 shares. The firm has a market cap of $17.49 billion, a PE ratio of 31.39 and a beta of 0.40. Campbell Soup has a 52 week low of $50.54 and a 52 week high of $67.89. The company’s 50-day moving average is $54.08 and its 200 day moving average is $59.38.
Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.05. Campbell Soup had a return on equity of 59.50% and a net margin of 7.07%. The company earned $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the business earned $0.95 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts expect that Campbell Soup will post $3.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Wednesday, January 11th will be given a $0.35 dividend. The ex-dividend date is Monday, January 9th. This represents a $1.40 annualized dividend and a yield of 2.46%. Campbell Soup’s payout ratio is 77.78%.
In other news, VP William J. O’shea sold 13,000 shares of the business’s stock in a transaction 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 completion of the sale, the vice president now owns 28,952 shares in the company, valued at $1,671,688.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Carlos Barroso sold 1,600 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was 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 of the company’s stock, valued at approximately $2,704,499.84. The disclosure for this sale can be found here. 37.30% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Vicus Capital increased its stake in Campbell Soup by 0.3% in the second quarter. Vicus Capital now owns 3,695 shares of the company’s stock worth $246,000 after buying an additional 12 shares during the last quarter. First Midwest Bank Trust Division increased its stake in Campbell Soup by 0.5% in the second quarter. First Midwest Bank Trust Division now owns 3,381 shares of the company’s stock worth $225,000 after buying an additional 16 shares during the last quarter. Frontier Wealth Management LLC increased its stake in Campbell Soup by 0.8% in the second quarter. Frontier Wealth Management LLC now owns 4,486 shares of the company’s stock worth $298,000 after buying an additional 36 shares during the last quarter. Chicago Equity Partners LLC increased its stake in Campbell Soup by 0.4% in the third quarter. Chicago Equity Partners LLC now owns 10,685 shares of the company’s stock worth $584,000 after buying an additional 40 shares during the last quarter. Finally, Bank of Hawaii increased its stake in Campbell Soup by 0.7% in the third quarter. Bank of Hawaii now owns 5,635 shares of the company’s stock worth $308,000 after buying an additional 40 shares during the last quarter. Institutional investors own 42.90% 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.
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