Campbell Soup (NYSE:CPB) – Investment analysts at Piper Jaffray Companies reduced their Q4 2018 EPS estimates for Campbell Soup in a research report issued to clients and investors on Sunday, May 20th. Piper Jaffray Companies analyst M. Lavery now anticipates that the company will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.56. Piper Jaffray Companies has a “Sell” rating and a $43.00 price target on the stock.
Several other equities analysts have also commented on CPB. Sanford C. Bernstein set a $33.00 price target on Campbell Soup and gave the company a “sell” rating in a research note on Tuesday. TheStreet lowered Campbell Soup from a “b-” rating to a “c” rating in a research note on Friday, May 18th. Barclays decreased their target price on Campbell Soup from $47.00 to $33.00 and set an “underweight” rating on the stock in a research note on Monday. Stifel Nicolaus decreased their target price on Campbell Soup from $44.00 to $35.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Zacks Investment Research lowered Campbell Soup from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Ten research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Sell” and a consensus target price of $40.21.
Shares of Campbell Soup stock opened at $34.34 on Wednesday. Campbell Soup has a 52 week low of $33.28 and a 52 week high of $59.14. The firm has a market capitalization of $10.33 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 2.12 and a beta of 0.33. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 5.73.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Friday, May 18th. The company reported $0.70 EPS 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 analyst estimates of $2.13 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Wednesday, April 11th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.08%. The ex-dividend date was Tuesday, April 10th. Campbell Soup’s payout ratio is 46.05%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trilogy Capital Inc. increased its holdings in Campbell Soup by 17.3% during the 1st quarter. Trilogy Capital Inc. now owns 10,021 shares of the company’s stock worth $434,000 after purchasing an additional 1,477 shares during the period. Amalgamated Bank increased its holdings in Campbell Soup by 6.7% during the 1st quarter. Amalgamated Bank now owns 24,782 shares of the company’s stock worth $1,073,000 after purchasing an additional 1,564 shares during the period. Navellier & Associates Inc purchased a new stake in Campbell Soup during the 1st quarter worth about $387,000. WINTON GROUP Ltd increased its holdings in Campbell Soup by 35.1% during the 1st quarter. WINTON GROUP Ltd now owns 9,479 shares of the company’s stock worth $411,000 after purchasing an additional 2,463 shares during the period. Finally, Rational Advisors LLC purchased a new stake in Campbell Soup during the 1st quarter worth about $463,000. 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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