Campbell Soup (NASDAQ:CPB) Upgraded by BNP Paribas to Strong Sell Rating

Campbell Soup (NASDAQ:CPB - Get Free Report) was upgraded by equities research analysts at BNP Paribas to a "strong sell" rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on CPB. Stephens reaffirmed an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. Barclays reduced their price objective on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada restated a "sector perform" rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Wells Fargo & Company reduced their price target on shares of Campbell Soup from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a "hold" rating for the company in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Campbell Soup has an average rating of "Hold" and a consensus target price of $50.17.

Campbell Soup Price Performance

NASDAQ:CPB traded down $1.05 during trading hours on Wednesday, hitting $40.24. 4,299,962 shares of the company's stock traded hands, compared to its average volume of 2,549,595. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81. The business's fifty day simple moving average is $39.50 and its two-hundred day simple moving average is $44.49. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The firm has a market cap of $12.00 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.71 and a beta of 0.19.

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Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. On average, research analysts anticipate that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares of the company's stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.19% of the company's stock.

Institutional Investors Weigh In On Campbell Soup

Several large investors have recently bought and sold shares of CPB. Assenagon Asset Management S.A. increased its position in Campbell Soup by 11.7% during the third quarter. Assenagon Asset Management S.A. now owns 12,628 shares of the company's stock valued at $618,000 after acquiring an additional 1,324 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Campbell Soup by 55.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,696 shares of the company's stock valued at $725,000 after buying an additional 5,268 shares during the period. State of Alaska Department of Revenue raised its position in Campbell Soup by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 22,888 shares of the company's stock worth $1,119,000 after acquiring an additional 1,550 shares during the period. abrdn plc boosted its stake in shares of Campbell Soup by 2.3% during the 3rd quarter. abrdn plc now owns 394,538 shares of the company's stock worth $19,257,000 after acquiring an additional 8,866 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in shares of Campbell Soup by 14.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,799 shares of the company's stock worth $626,000 after purchasing an additional 1,640 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors.

About Campbell Soup

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.