Campbell Soup’s (CPB) “Sector Perform” Rating Reaffirmed at RBC Capital Markets
RBC Capital Markets reaffirmed their sector perform rating on shares of Campbell Soup Co. (NYSE:CPB) in a report issued on Monday morning. RBC Capital Markets currently has a $60.00 target price on the stock, up from their previous target price of $58.00.
Several other research analysts have also commented on CPB. TheStreet lowered Campbell Soup from a buy rating to a hold rating in a report on Thursday, September 1st. Wells Fargo & Co. set a $59.50 price objective on Campbell Soup and gave the stock a hold rating in a report on Sunday, September 4th. Citigroup Inc. cut their price objective on Campbell Soup from $67.00 to $63.00 and set a neutral rating for the company in a report on Friday, September 2nd. Royal Bank Of Canada upped their target price on Campbell Soup from $58.00 to $60.00 and gave the stock a sector perform rating in a research note on Monday. Finally, Zacks Investment Research raised Campbell Soup from a sell rating to a hold rating in a research note on Monday, September 19th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $59.77.
Campbell Soup (NYSE:CPB) opened at 57.37 on Monday. The company has a market cap of $17.66 billion, a price-to-earnings ratio of 31.70 and a beta of 0.40. The firm’s 50-day moving average is $54.30 and its 200 day moving average is $59.17. Campbell Soup has a 12-month low of $50.54 and a 12-month high of $67.89.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.05. Campbell Soup had a return on equity of 58.62% and a net margin of 8.30%. The company earned $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Campbell Soup’s revenue was up .0% on a year-over-year basis. On average, equities analysts expect that Campbell Soup will post $3.07 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Campbell Soup’s (CPB) “Sector Perform” Rating Reaffirmed at RBC Capital Markets” was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/29/campbell-soups-cpb-sector-perform-rating-reaffirmed-at-rbc-capital-markets.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Wednesday, January 11th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend 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 presently 66.04%.
In related news, insider Carlos Barroso sold 1,600 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $57.68, for a total transaction of $92,288.00. Following the sale, the insider now directly owns 46,888 shares of the company’s stock, valued at $2,704,499.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP William J. O’shea sold 13,000 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $57.74, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 37.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Vicus Capital boosted its position in shares of Campbell Soup by 0.3% in the second quarter. Vicus Capital now owns 3,695 shares of the company’s stock valued at $246,000 after buying an additional 12 shares during the last quarter. First Midwest Bank Trust Division boosted its position in shares of Campbell Soup by 0.5% in the second quarter. First Midwest Bank Trust Division now owns 3,381 shares of the company’s stock valued at $225,000 after buying an additional 16 shares during the last quarter. Frontier Wealth Management LLC boosted its position in shares of Campbell Soup by 0.8% in the second quarter. Frontier Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $298,000 after buying an additional 36 shares during the last quarter. Chicago Equity Partners LLC boosted its position in shares of Campbell Soup by 0.4% in the third quarter. Chicago Equity Partners LLC now owns 10,685 shares of the company’s stock valued at $584,000 after buying an additional 40 shares during the last quarter. Finally, Bank of Hawaii boosted its position in shares of Campbell Soup by 0.7% in the third quarter. Bank of Hawaii now owns 5,635 shares of the company’s stock valued at $308,000 after buying an additional 40 shares during the last quarter. 42.26% of the stock is currently owned by institutional investors.
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.
Receive News & Stock Ratings for Campbell Soup Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Co. and related stocks with our FREE daily email newsletter.