Campbell Soup’s (NYSE:CPB) “Sell” Rating Reaffirmed at Barclays PLC
A number of other brokerages have also issued reports on CPB. Zacks Investment Research lowered Campbell Soup from a hold rating to a sell rating in a research report on Wednesday, July 19th. Morgan Stanley lowered their target price on shares of Campbell Soup from $55.00 to $52.00 and set an underweight rating for the company in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Campbell Soup from a sell rating to a strong sell rating in a research note on Saturday, June 24th. Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the stock a hold rating in a research note on Tuesday, July 18th. Finally, Credit Suisse Group set a $50.00 price objective on shares of Campbell Soup and gave the company a sell rating in a research note on Friday, July 7th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Campbell Soup currently has a consensus rating of Hold and an average price target of $57.24.
Shares of Campbell Soup (NYSE:CPB) traded down 0.50% during mid-day trading on Tuesday, reaching $53.69. The company had a trading volume of 1,523,034 shares. Campbell Soup has a one year low of $50.62 and a one year high of $64.23. The stock has a market capitalization of $16.27 billion, a P/E ratio of 33.90 and a beta of 0.34. The firm has a 50 day moving average of $52.53 and a 200-day moving average of $56.65.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Friday, May 19th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Campbell Soup had a net margin of 6.17% and a return on equity of 59.83%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. Analysts forecast that Campbell Soup will post $3.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 13th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, July 11th. This represents a $1.40 dividend on an annualized basis and a yield of 2.61%. Campbell Soup’s dividend payout ratio (DPR) is currently 88.05%.
Hedge funds have recently made changes to their positions in the company. Motco raised its stake in shares of Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after buying an additional 1,600 shares during the period. IFP Advisors Inc raised its stake in shares of Campbell Soup by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock worth $142,000 after buying an additional 55 shares during the period. Johnson Financial Group Inc. raised its stake in shares of Campbell Soup by 19.2% in the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock worth $145,000 after buying an additional 408 shares during the period. Van ECK Associates Corp raised its stake in shares of Campbell Soup by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock worth $179,000 after buying an additional 204 shares during the period. Finally, Mercer Capital Advisers Inc. raised its stake in shares of Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock worth $176,000 after buying an additional 405 shares during the period. Hedge funds and other institutional investors own 43.63% of the company’s stock.
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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