Campbell Soup (NYSE:CPB) has been assigned a $33.00 price target by analysts at Sanford C. Bernstein in a report released on Tuesday. The firm presently has a “sell” rating on the stock. Sanford C. Bernstein’s price target points to a potential downside of 4.76% from the company’s previous close.
Several other research firms have also recently commented on CPB. Zacks Investment Research upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Wolfe Research assumed coverage on Campbell Soup in a research note on Friday, January 26th. They issued a “market perform” rating on the stock. Morgan Stanley cut their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 20th. JPMorgan Chase restated an “overweight” rating and issued a $48.00 target price (down previously from $50.00) on shares of Campbell Soup in a research note on Tuesday, February 20th. Finally, Piper Jaffray Companies cut Campbell Soup from a “neutral” rating to an “underweight” rating and set a $59.00 target price on the stock. in a research note on Wednesday, February 28th. Ten equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $41.40.
Shares of Campbell Soup traded up $1.07, hitting $34.65, during trading on Tuesday, Marketbeat Ratings reports. 171,162 shares of the company’s stock traded hands, compared to its average volume of 4,120,559. Campbell Soup has a 52 week low of $33.28 and a 52 week high of $59.14. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.68 and a quick ratio of 0.35. The stock has a market capitalization of $10.33 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 2.11 and a beta of 0.33.
Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Friday, May 18th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.10. Campbell Soup had a return on equity of 56.59% and a net margin of 5.97%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the business posted $0.59 EPS. Campbell Soup’s revenue for the quarter was up 14.7% on a year-over-year basis. research analysts expect that Campbell Soup will post 2.88 earnings per share for the current year.
In related news, insider Luca Mignini acquired 4,400 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were bought at an average price of $45.53 per share, for a total transaction of $200,332.00. Following the purchase, the insider now directly owns 87,814 shares in the company, valued at approximately $3,998,171.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 37.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. increased its holdings in shares of Campbell Soup by 103.3% during the 4th quarter. Baird Financial Group Inc. now owns 38,359 shares of the company’s stock worth $1,845,000 after acquiring an additional 19,488 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Campbell Soup by 47.6% during the 4th quarter. LPL Financial LLC now owns 47,874 shares of the company’s stock worth $2,303,000 after acquiring an additional 15,441 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Campbell Soup by 102.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 28,180 shares of the company’s stock worth $1,356,000 after acquiring an additional 14,235 shares during the last quarter. ING Groep NV increased its holdings in shares of Campbell Soup by 471.2% during the 1st quarter. ING Groep NV now owns 167,196 shares of the company’s stock worth $7,241,000 after acquiring an additional 137,923 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Campbell Soup by 48.3% during the 4th quarter. Franklin Resources Inc. now owns 36,102 shares of the company’s stock worth $1,736,000 after acquiring an additional 11,764 shares during the last quarter. Institutional investors own 48.61% of the company’s stock.
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; and Campbell's tomato juices in the United States, Canada, and Latin America.
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