Campbell Soup Company (NYSE:CPB) has been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the company. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $60.73.
CPB has been the subject of several recent analyst reports. Zacks Investment Research lowered Campbell Soup Company from a “buy” rating to a “hold” rating in a report on Thursday, December 8th. Royal Bank Of Canada upped their target price on Campbell Soup Company from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Monday, November 28th. TheStreet raised Campbell Soup Company from a “hold” rating to a “buy” rating in a report on Tuesday, November 22nd. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $60.00 target price (up from $58.00) on shares of Campbell Soup Company in a report on Monday, November 28th. Finally, Credit Suisse Group set a $55.00 target price on Campbell Soup Company and gave the company an “underperform” rating in a report on Wednesday, November 23rd.
Shares of Campbell Soup Company (NYSE:CPB) traded up 0.27% on Monday, hitting $63.44. The stock had a trading volume of 441,422 shares. The company has a market cap of $19.48 billion, a PE ratio of 29.81 and a beta of 0.46. Campbell Soup Company has a 52 week low of $52.58 and a 52 week high of $67.89. The stock’s 50-day moving average price is $61.92 and its 200 day moving average price is $58.20.
Campbell Soup Company (NYSE:CPB) last released its earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.05. The company earned $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Campbell Soup Company had a return on equity of 58.62% and a net margin of 8.30%. Campbell Soup Company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. On average, analysts predict that Campbell Soup Company will post $3.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 30th. Investors of record on Wednesday, January 11th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, January 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.21%. Campbell Soup Company’s dividend payout ratio (DPR) is presently 66.04%.
In related news, SVP Carlos Barroso sold 1,000 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $60.31, for a total value of $60,310.00. Following the sale, the senior vice president now owns 33,760 shares in the company, valued at $2,036,065.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 37.30% of the company’s stock.
Large investors have recently modified their holdings of the company. Dana Investment Advisors Inc. increased its stake in shares of Campbell Soup Company by 50.9% in the second quarter. Dana Investment Advisors Inc. now owns 441,615 shares of the company’s stock worth $29,381,000 after buying an additional 149,051 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in Campbell Soup Company by 3,342.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 6,885 shares of the company’s stock worth $504,000 after buying an additional 6,685 shares during the last quarter. Vicus Capital increased its stake in Campbell Soup Company by 0.3% in the second quarter. Vicus Capital now owns 3,695 shares of the company’s stock worth $246,000 after buying an additional 12 shares during the last quarter. Quantbot Technologies LP increased its stake in Campbell Soup Company by 434.9% in the second quarter. Quantbot Technologies LP now owns 57,285 shares of the company’s stock worth $3,811,000 after buying an additional 46,575 shares during the last quarter. Finally, Courier Capital Corp increased its stake in Campbell Soup Company by 50.6% in the second quarter. Courier Capital Corp now owns 8,008 shares of the company’s stock worth $533,000 after buying an additional 2,691 shares during the last quarter. Institutional investors own 42.81% of the company’s stock.
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Campbell Soup Company 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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