Citigroup reissued their neutral rating on shares of Campbell Soup (NYSE:CPB) in a research report report published on Wednesday, December 20th, Marketbeat Ratings reports. The brokerage currently has a $54.00 price objective on the stock, up from their prior price objective of $50.00.
Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. restated a hold rating and set 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 shares of 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 shares of Campbell Soup and gave the stock a sell rating in a research report on Friday, November 24th. Royal Bank of Canada restated a hold rating and set a $53.00 target price (down previously from $55.00) on shares of Campbell Soup in a research report on Wednesday, November 22nd. Finally, UBS Group dropped their target price on shares of Campbell Soup from $42.00 to $41.00 and set a sell rating for the company 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 stock. The company has a consensus rating of Hold and a consensus price target of $49.83.
Shares of Campbell Soup (NYSE:CPB) traded down $0.24 during midday trading on Wednesday, hitting $45.51. 2,163,700 shares of the stock were exchanged, compared to its average volume of 2,630,000. The company has a current ratio of 0.77, a quick ratio of 0.39 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $13,680.00, a PE ratio of 15.91, a PEG ratio of 3.72 and a beta of 0.39. Campbell Soup has a 1 year low of $44.99 and a 1 year high of $64.23.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.05). The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. sell-side analysts expect that Campbell Soup will post 2.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Wednesday, January 10th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.40 annualized dividend and a dividend yield of 3.08%. Campbell Soup’s dividend payout ratio (DPR) is presently 48.95%.
Campbell Soup announced that its board has initiated a stock buyback program on Monday, December 18th that permits the company to repurchase shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
In related news, SVP Carlos Barroso sold 4,300 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $48.86, for a total value of $210,098.00. Following the transaction, the senior vice president now owns 29,119 shares of the company’s stock, valued at approximately $1,422,754.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Randall W. Larrimore sold 2,242 shares of the firm’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $48.69, for a total transaction of $109,162.98. The disclosure for this sale can be found here. Insiders sold a total of 15,284 shares of company stock valued at $741,399 in the last 90 days. Company insiders own 37.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Berkshire Asset Management LLC PA increased its stake in Campbell Soup by 45.3% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 12,036 shares of the company’s stock worth $564,000 after buying an additional 3,750 shares during the period. Manning & Napier Advisors LLC increased its position in Campbell Soup by 3.2% during the 3rd quarter. Manning & Napier Advisors LLC now owns 1,201,707 shares of the company’s stock valued at $56,262,000 after purchasing an additional 37,577 shares during the period. Northern Capital Management LLC increased its position in Campbell Soup by 235.8% during the 3rd quarter. Northern Capital Management LLC now owns 73,810 shares of the company’s stock valued at $3,456,000 after purchasing an additional 51,830 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Campbell Soup by 6.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 133,937 shares of the company’s stock valued at $6,984,000 after purchasing an additional 8,119 shares during the period. Finally, First Trust Advisors LP increased its position in Campbell Soup by 15.7% during the 3rd quarter. First Trust Advisors LP now owns 431,245 shares of the company’s stock valued at $20,191,000 after purchasing an additional 58,407 shares during the period. 46.04% of the stock is currently owned by institutional investors.
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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