Credit Suisse Group AG Analysts Give Campbell Soup Co. (CPB) a $55.00 Price Target
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Campbell Soup from a sell rating to a hold rating in a report on Wednesday, November 16th. Argus lowered Campbell Soup from a buy rating to a hold rating and increased their target price for the stock from $47.77 to $55.38 in a research note on Monday, September 19th. decreased their target price on Campbell Soup from $64.00 to $59.00 and set a market perform rating on the stock in a research note on Monday, September 12th. Wells Fargo & Co. set a $59.50 target price on Campbell Soup and gave the stock a hold rating in a research note on Sunday, September 4th. Finally, RBC Capital Markets reissued a sector perform rating and set a $58.00 target price (down previously from $62.00) on shares of Campbell Soup in a research note on Sunday, September 4th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. Campbell Soup presently has an average rating of Hold and an average target price of $59.50.
Shares of Campbell Soup (NYSE:CPB) opened at 57.52 on Wednesday. The stock’s 50 day moving average price is $54.20 and its 200-day moving average price is $59.33. The stock has a market cap of $17.71 billion, a price-to-earnings ratio of 31.78 and a beta of 0.40. Campbell Soup has a 52 week low of $50.54 and a 52 week high of $67.89.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.05. The business earned $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Campbell Soup had a return on equity of 58.62% and a net margin of 8.30%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. Equities analysts anticipate that Campbell Soup will post $3.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Wednesday, January 11th will be paid a $0.35 dividend. The ex-dividend date is Monday, January 9th. This represents a $1.40 annualized dividend and a dividend yield of 2.43%. Campbell Soup’s dividend payout ratio (DPR) is currently 66.04%.
In other Campbell Soup news, insider Edward Carolan sold 2,400 shares of Campbell Soup stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $54.35, for a total value of $130,440.00. Following the transaction, the insider now directly owns 49,038 shares in the company, valued at approximately $2,665,215.30. The sale was disclosed in a document filed 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 completion of the transaction, 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. 37.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. increased its position in shares of Campbell Soup by 11.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,412 shares of the company’s stock valued at $70,820,000 after buying an additional 107,486 shares during the period. Affinity Investment Advisors LLC boosted its stake in Campbell Soup by 14.5% in the second quarter. Affinity Investment Advisors LLC now owns 344,343 shares of the company’s stock valued at $22,909,000 after buying an additional 43,575 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Campbell Soup by 8.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 610,107 shares of the company’s stock valued at $40,590,000 after buying an additional 48,819 shares in the last quarter. Herndon Capital Management LLC boosted its stake in Campbell Soup by 10.3% in the second quarter. Herndon Capital Management LLC now owns 878,282 shares of the company’s stock valued at $58,432,000 after buying an additional 82,303 shares in the last quarter. Finally, Boston Advisors LLC boosted its stake in Campbell Soup by 4,278.1% in the second quarter. Boston Advisors LLC now owns 212,340 shares of the company’s stock valued at $14,127,000 after buying an additional 207,490 shares in the last quarter. Institutional investors own 42.26% of the company’s stock.
About Campbell Soup
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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