The Campbell Soup Company (NASDAQ:CPB - Get Free Report) shares rose 5.4% during trading on Friday . The stock traded as high as $41.86 and last traded at $41.94. Approximately 490,086 shares changed hands during trading, a decline of 81% from the average daily volume of 2,549,120 shares. The stock had previously closed at $39.79.
Analyst Upgrades and Downgrades
CPB has been the subject of several research reports. DA Davidson reiterated a "neutral" rating and set a $51.00 price target on shares of Campbell Soup in a research report on Wednesday, December 4th. BNP Paribas raised Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Stifel Nicolaus lowered their price objective on Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Barclays lowered their price objective on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research note on Friday, December 6th. Finally, Wells Fargo & Company lowered their price objective on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $46.36.
View Our Latest Analysis on Campbell Soup
Campbell Soup Trading Up 5.1 %
The company has a fifty day simple moving average of $39.39 and a two-hundred day simple moving average of $44.31. 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 company has a market cap of $12.47 billion, a PE ratio of 22.85, a P/E/G ratio of 2.71 and a beta of 0.15.
Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. The business's revenue was up 9.3% on a year-over-year basis. Analysts anticipate that The Campbell Soup Company will post 3.15 EPS for the current year.
Campbell Soup Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's dividend payout ratio (DPR) is presently 90.17%.
Insider Transactions at Campbell Soup
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 stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 20.19% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in CPB. Sherman Asset Management Inc. acquired a new position in Campbell Soup during the fourth quarter worth approximately $36,000. Ashton Thomas Securities LLC acquired a new position in Campbell Soup during the third quarter worth approximately $39,000. Principal Securities Inc. increased its position in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after buying an additional 290 shares during the period. Kentucky Trust Co acquired a new position in Campbell Soup during the fourth quarter worth approximately $42,000. Finally, Quent Capital LLC increased its position in Campbell Soup by 77.7% during the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after buying an additional 481 shares during the period. Institutional investors and hedge funds own 52.35% of the company's stock.
Campbell Soup Company Profile
(
Get Free Report)
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.
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