Campbell Soup Co. (NYSE:CPB) had its price objective increased by Royal Bank Of Canada from $58.00 to $60.00 in a research report report published on Monday morning. The brokerage currently has a sector perform rating on the stock.

A number of other research firms have also recently issued reports on CPB. Deutsche Bank AG dropped their price target on shares of Campbell Soup from $63.00 to $61.00 and set a hold rating on the stock in a research note on Friday, August 26th. Zacks Investment Research cut shares of Campbell Soup from a hold rating to a sell rating in a research note on Tuesday, August 30th. Wells Fargo & Co. set a $59.50 price target on shares of Campbell Soup and gave the company a hold rating in a research note on Sunday, September 4th. RBC Capital Markets reissued a sector perform rating and issued a $58.00 price target (down previously from $62.00) on shares of Campbell Soup in a research note on Sunday, September 4th. Finally, TheStreet cut shares of Campbell Soup from a buy rating to a hold rating in a research note on Thursday, September 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $59.77.

Shares of Campbell Soup (NYSE:CPB) opened at 57.37 on Monday. Campbell Soup has a 52 week low of $50.54 and a 52 week high of $67.89. The stock has a market cap of $17.66 billion, a P/E ratio of 31.70 and a beta of 0.40. The stock has a 50 day moving average of $54.30 and a 200 day moving average of $59.17.

Campbell Soup (NYSE:CPB) last posted its earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.05. The firm earned $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Campbell Soup had a net margin of 8.30% and a return on equity of 58.62%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. On average, analysts expect that Campbell Soup will post $3.07 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, January 9th. Campbell Soup’s dividend payout ratio is presently 66.04%.

In other news, insider Edward Carolan sold 2,400 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $54.35, for a total transaction of $130,440.00. Following the completion of the transaction, the insider now directly owns 49,038 shares of the company’s stock, valued at $2,665,215.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Carlos Barroso sold 1,600 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $57.68, for a total value of $92,288.00. Following the transaction, the insider now directly owns 46,888 shares of the company’s stock, valued at $2,704,499.84. The disclosure for this sale can be found here. Insiders own 37.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of Campbell Soup by 38.6% in the second quarter. Van ECK Associates Corp now owns 1,740 shares of the company’s stock worth $116,000 after buying an additional 485 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Campbell Soup by 9.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,798 shares of the company’s stock worth $120,000 after buying an additional 161 shares during the period. City Holding Co. increased its position in shares of Campbell Soup by 86.3% in the third quarter. City Holding Co. now owns 2,590 shares of the company’s stock worth $142,000 after buying an additional 1,200 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Campbell Soup by 1,708.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,803 shares of the company’s stock worth $153,000 after buying an additional 2,648 shares during the period. Finally, Mizuho Asset Management Co. Ltd. increased its position in shares of Campbell Soup by 69.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,388 shares of the company’s stock worth $159,000 after buying an additional 981 shares during the period. 42.26% of the stock is owned by institutional investors and hedge funds.

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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