Wells Fargo & Company Issues Pessimistic Forecast for Campbell Soup (NASDAQ:CPB) Stock Price

Campbell Soup (NASDAQ:CPB - Free Report) had its price objective cut by Wells Fargo & Company from $45.00 to $43.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

CPB has been the topic of several other research reports. Sanford C. Bernstein upgraded Campbell Soup from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $55.00 to $58.00 in a report on Monday, October 7th. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Citigroup dropped their price target on shares of Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research note on Thursday, December 5th. TD Cowen increased their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus cut their price target on Campbell Soup from $50.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Campbell Soup presently has a consensus rating of "Hold" and a consensus target price of $50.75.

Campbell Soup Trading Down 1.4 %

NASDAQ CPB traded down $0.55 during trading hours on Tuesday, reaching $39.95. The company had a trading volume of 3,111,493 shares, compared to its average volume of 2,484,273. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $11.91 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19. The stock has a 50-day moving average of $43.71 and a 200 day moving average of $46.62. Campbell Soup has a 1-year low of $39.81 and a 1-year high of $52.81.

Campbell Soup Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.90%. Campbell Soup's dividend payout ratio is currently 85.25%.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 20.19% of the company's stock.

Institutional Investors Weigh In On Campbell Soup

A number of large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Campbell Soup in the 2nd quarter valued at about $32,000. nVerses Capital LLC bought a new position in Campbell Soup in the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC acquired a new position in Campbell Soup during the 3rd quarter worth $39,000. Sentry Investment Management LLC acquired a new stake in shares of Campbell Soup in the 2nd quarter valued at $44,000. Finally, Friedenthal Financial bought a new stake in shares of Campbell Soup during the third quarter worth $48,000. Institutional investors own 52.35% of the company's stock.

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.