Campbell Soup Company (NYSE:CPB) has been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $49.83.

A number of equities research analysts recently issued reports on CPB shares. Royal Bank of Canada set a $56.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a report on Wednesday, October 25th. Goldman Sachs Group decreased their price objective on shares of Campbell Soup from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Sunday, September 3rd. UBS decreased their price objective on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a research note on Thursday, November 9th. Credit Suisse Group set a $41.00 price objective on shares of Campbell Soup and gave the stock a “sell” rating in a research note on Friday, November 24th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $47.00 price objective (down from $52.00) on shares of Campbell Soup in a research note on Friday, September 1st.

Shares of Campbell Soup (NYSE:CPB) opened at $48.33 on Thursday. Campbell Soup has a twelve month low of $44.99 and a twelve month high of $64.23. The stock has a market cap of $14,520.00, a P/E ratio of 16.89, a P/E/G ratio of 3.78 and a beta of 0.40. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.39.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Campbell Soup’s revenue for the quarter was down 1.9% compared to the same quarter last year. equities analysts anticipate that Campbell Soup will post 2.96 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 annualized dividend and a yield of 2.90%. Campbell Soup’s dividend payout ratio is currently 48.95%.

In other news, insider Edward Carolan sold 6,500 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total transaction of $312,975.00. Following the transaction, the insider now directly owns 41,506 shares of the company’s stock, valued at $1,998,513.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Luca Mignini bought 4,300 shares of Campbell Soup stock in a transaction dated Wednesday, September 27th. The shares were purchased at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the transaction, 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. 37.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Campbell Soup by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock worth $240,000 after purchasing an additional 70 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Campbell Soup by 1.7% during the second quarter. MML Investors Services LLC now owns 6,517 shares of the company’s stock worth $340,000 after purchasing an additional 112 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of Campbell Soup by 1.5% during the second quarter. Wesbanco Bank Inc. now owns 7,915 shares of the company’s stock worth $413,000 after purchasing an additional 120 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Campbell Soup by 1.2% during the second quarter. Moors & Cabot Inc. now owns 12,250 shares of the company’s stock worth $640,000 after purchasing an additional 150 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its holdings in Campbell Soup by 1.4% in the second quarter. Chicago Equity Partners LLC now owns 13,365 shares of the company’s stock valued at $697,000 after acquiring an additional 185 shares in the last quarter. 46.04% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Campbell Soup Company (CPB) Receives Consensus Recommendation of “Hold” from Analysts” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/12/21/campbell-soup-company-cpb-receives-consensus-recommendation-of-hold-from-analysts.html.

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)

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