Campbell Soup (NYSE:CPB)‘s stock had its “neutral” rating restated by analysts at Citigroup in a note issued to investors on Wednesday. They presently have a $54.00 price objective on the stock, up from their previous price objective of $50.00. Citigroup’s price target would indicate a potential upside of 10.70% from the company’s current price.

Several other equities research analysts have also weighed in on the company. J P Morgan Chase & Co reaffirmed a “hold” rating and issued a $50.00 target price on shares of Campbell Soup in a research report on Friday, December 15th. Piper Jaffray Companies set a $49.00 target price on Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Credit Suisse Group set a $41.00 target price on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $53.00 target price (down from $55.00) on shares of Campbell Soup in a research report on Wednesday, November 22nd. Finally, UBS dropped their target price on Campbell Soup from $42.00 to $41.00 and set a “sell” rating on the stock in a research report on Wednesday, November 22nd. Seven investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.83.

Shares of Campbell Soup (NYSE CPB) traded down $0.88 during midday trading on Wednesday, reaching $48.78. The company’s stock had a trading volume of 4,148,700 shares, compared to its average volume of 2,057,275. Campbell Soup has a 1 year low of $44.99 and a 1 year high of $64.23. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39. The firm has a market capitalization of $14,928.14, a price-to-earnings ratio of 16.89, a PEG ratio of 3.78 and a beta of 0.40.

Campbell Soup (NYSE:CPB) last issued its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business earned $1.00 earnings per share. Campbell Soup’s quarterly revenue was down 1.9% on a year-over-year basis. equities research analysts predict that Campbell Soup will post 2.96 earnings per share for the current year.

Campbell Soup declared that its board has initiated a stock buyback program on Monday, December 18th that allows the company to repurchase shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In other news, Director Charles R. Perrin sold 2,304 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luca Mignini purchased 4,300 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was acquired at an average cost of $46.47 per share, with a total value of $199,821.00. Following the purchase, the insider now owns 88,178 shares of the company’s stock, valued at approximately $4,097,631.66. The disclosure for this purchase can be found here. Corporate insiders own 37.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CPB. Schwab Charles Investment Management Inc. boosted its stake in Campbell Soup by 38.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 850,980 shares of the company’s stock valued at $44,379,000 after buying an additional 236,417 shares in the last quarter. Legal & General Group Plc boosted its stake in Campbell Soup by 6.0% during the second quarter. Legal & General Group Plc now owns 1,014,008 shares of the company’s stock valued at $52,880,000 after buying an additional 57,367 shares in the last quarter. KBC Group NV boosted its stake in Campbell Soup by 12.4% during the second quarter. KBC Group NV now owns 63,490 shares of the company’s stock valued at $3,311,000 after buying an additional 6,981 shares in the last quarter. Cadence Capital Management LLC boosted its stake in Campbell Soup by 17.6% during the second quarter. Cadence Capital Management LLC now owns 32,415 shares of the company’s stock valued at $1,690,000 after buying an additional 4,859 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after buying an additional 213 shares in the last quarter. 46.04% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

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