Campbell Soup Company (NYSE:CPB) was downgraded by investment analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a report released on Tuesday.

A number of other research firms also recently commented on CPB. Zacks Investment Research downgraded shares of Campbell Soup Company from a “buy” rating to a “hold” rating in a research report on Thursday, December 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $63.00 target price (up previously from $60.00) on shares of Campbell Soup Company in a research report on Wednesday, February 15th. Credit Suisse Group AG set a $55.00 target price on shares of Campbell Soup Company and gave the company an “underperform” rating in a research report on Wednesday, November 23rd. TheStreet raised shares of Campbell Soup Company from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. Finally, Deutsche Bank AG initiated coverage on shares of Campbell Soup Company in a research report on Wednesday, February 15th. They set a “hold” rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Campbell Soup Company presently has an average rating of “Hold” and a consensus target price of $61.23.

Analyst Recommendations for Campbell Soup Company (NYSE:CPB)

Campbell Soup Company (NYSE:CPB) opened at 59.00 on Tuesday. The stock’s 50 day moving average is $60.79 and its 200 day moving average is $57.95. Campbell Soup Company has a 12-month low of $52.58 and a 12-month high of $67.89. The stock has a market capitalization of $17.96 billion, a PE ratio of 36.76 and a beta of 0.46.

Campbell Soup Company (NYSE:CPB) last posted its quarterly earnings results on Friday, February 17th. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.22 billion. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. Equities analysts anticipate that Campbell Soup Company will post $3.07 EPS for the current fiscal year.

Your IP Address:

In other news, insider Carlos Barroso sold 9,130 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $60.92, for a total value of $556,199.60. Following the sale, the insider now directly owns 43,904 shares in the company, valued at approximately $2,674,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 37.30% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Campbell Soup Company by 0.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 439,908 shares of the company’s stock worth $24,063,000 after buying an additional 2,478 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Campbell Soup Company by 302.6% in the third quarter. WINTON GROUP Ltd now owns 373,352 shares of the company’s stock worth $20,422,000 after buying an additional 280,619 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Campbell Soup Company by 5.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 165,098 shares of the company’s stock worth $9,031,000 after buying an additional 9,088 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Campbell Soup Company by 14.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 108,412 shares of the company’s stock worth $5,930,000 after buying an additional 13,300 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in Campbell Soup Company by 97.8% in the third quarter. Schroder Investment Management Group now owns 2,124,993 shares of the company’s stock worth $116,237,000 after buying an additional 1,050,882 shares in the last quarter. Institutional investors and hedge funds own 42.81% of the company’s stock.

About Campbell Soup Company

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.

5 Day Chart for NYSE:CPB

Receive News & Stock Ratings for Campbell Soup Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Company and related stocks with our FREE daily email newsletter.