TheStreet upgraded shares of Campbell Soup (NYSE:CPB) from a c+ rating to a b rating in a research note published on Wednesday morning, TheStreetRatingsTable reports.
Several other analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price objective on Campbell Soup from $41.00 to $48.00 in a report on Tuesday, September 3rd. UBS Group set a $41.00 target price on Campbell Soup in a report on Thursday. They noted that the move was a valuation call. Royal Bank of Canada reiterated a buy rating and issued a $55.00 price target on shares of Campbell Soup in a research report on Thursday. Wells Fargo & Co upped their price target on shares of Campbell Soup from $45.00 to $48.00 and gave the company a market perform rating in a report on Thursday. Finally, ValuEngine downgraded shares of Campbell Soup from a hold rating to a sell rating in a report on Tuesday, November 26th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $45.18.
Shares of NYSE:CPB opened at $47.75 on Wednesday. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 3.11 and a beta of 0.42. The company has a debt-to-equity ratio of 6.39, a current ratio of 0.58 and a quick ratio of 0.33. Campbell Soup has a 12 month low of $32.03 and a 12 month high of $48.93. The stock’s 50 day moving average price is $47.01 and its 200 day moving average price is $43.73.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. Campbell Soup had a return on equity of 62.59% and a net margin of 2.25%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company posted $0.79 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, sell-side analysts expect that Campbell Soup will post 2.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, January 7th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.93%. Campbell Soup’s dividend payout ratio (DPR) is presently 60.87%.
In other news, SVP Adam G. Ciongoli sold 16,096 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $47.16, for a total transaction of $759,087.36. Following the completion of the sale, the senior vice president now directly owns 70,984 shares of the company’s stock, valued at approximately $3,347,605.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 36.48% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Massey Quick Simon & CO. LLC acquired a new position in shares of Campbell Soup in the third quarter worth about $25,000. Citizens Financial Group Inc RI purchased a new position in shares of Campbell Soup in the second quarter worth approximately $28,000. Meeder Asset Management Inc. raised its holdings in shares of Campbell Soup by 204.7% during the second quarter. Meeder Asset Management Inc. now owns 783 shares of the company’s stock valued at $31,000 after acquiring an additional 526 shares during the period. Strategic Blueprint LLC acquired a new stake in shares of Campbell Soup during the third quarter valued at approximately $47,000. Finally, AdvisorNet Financial Inc lifted its position in shares of Campbell Soup by 1,207.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,046 shares of the company’s stock valued at $49,000 after acquiring an additional 966 shares in the last quarter. 50.88% of the stock is currently owned by hedge funds and other institutional investors.
About Campbell Soup
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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