The Campbell’s Company (NASDAQ:CPB) Given Consensus Rating of “Hold” by Analysts

Shares of The Campbell’s Company (NASDAQ:CPB) have been assigned a consensus rating of “Hold” from the twenty analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $40.11.

A number of research firms have commented on CPB. Stifel Nicolaus reduced their price objective on Campbell’s from $40.00 to $38.00 and set a “hold” rating on the stock in a research note on Tuesday, June 3rd. DA Davidson decreased their price target on Campbell’s from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, June 9th. Stephens decreased their price target on Campbell’s from $48.00 to $43.00 in a report on Wednesday, May 28th. UBS Group assumed coverage on Campbell’s in a report on Wednesday, April 23rd. They issued a “sell” rating and a $36.00 price target on the stock. Finally, Citigroup decreased their price target on Campbell’s from $33.00 to $32.00 and set a “sell” rating on the stock in a report on Tuesday, June 3rd.

Insiders Place Their Bets

In related news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the transaction, the executive vice president now directly owns 37,590 shares in the company, valued at approximately $1,504,727.70. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Campbell’s by 2.1% during the first quarter. Vanguard Group Inc. now owns 24,120,172 shares of the company’s stock worth $962,877,000 after buying an additional 494,567 shares in the last quarter. Beutel Goodman & Co Ltd. boosted its position in Campbell’s by 0.5% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company’s stock valued at $290,034,000 after purchasing an additional 35,160 shares during the last quarter. Geode Capital Management LLC boosted its position in Campbell’s by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company’s stock valued at $222,420,000 after purchasing an additional 57,717 shares during the last quarter. Invesco Ltd. boosted its position in Campbell’s by 6.9% during the first quarter. Invesco Ltd. now owns 4,965,668 shares of the company’s stock valued at $198,229,000 after purchasing an additional 320,120 shares during the last quarter. Finally, Brandywine Trust Co. boosted its position in Campbell’s by 1.8% during the fourth quarter. Brandywine Trust Co. now owns 4,867,984 shares of the company’s stock valued at $203,871,000 after purchasing an additional 84,778 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Price Performance

Campbell’s stock opened at $31.85 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.33 and a current ratio of 0.78. The firm has a market cap of $9.50 billion, a P/E ratio of 21.09, a P/E/G ratio of 9.28 and a beta of 0.11. The business’s fifty day moving average is $35.24 and its two-hundred day moving average is $38.32. Campbell’s has a 52 week low of $31.58 and a 52 week high of $52.81.

Campbell’s (NASDAQ:CPB) last posted its quarterly earnings data on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Equities research analysts forecast that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 4.90%. Campbell’s’s dividend payout ratio (DPR) is currently 103.31%.

Campbell’s Company Profile

The Campbell’s Company, formerly known as Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.