Campbell Soup's (CPB) "Equal Weight" Rating Reaffirmed at Consumer Edge

Consumer Edge reissued their equal weight rating on shares of Campbell Soup (NASDAQ:CPB - Free Report) in a report released on Monday morning, Marketbeat Ratings reports.

Other research analysts have also recently issued research reports about the stock. BNP Paribas upgraded shares of Campbell Soup to a "strong sell" rating in a report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut Campbell Soup from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $48.00 to $37.00 in a research report on Thursday, March 6th. Royal Bank of Canada decreased their target price on Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday, March 6th. Finally, Barclays cut their price target 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. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $45.23.

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Campbell Soup Stock Up 0.3 %

NASDAQ:CPB traded up $0.10 during trading hours on Monday, hitting $38.08. The company's stock had a trading volume of 10,776,259 shares, compared to its average volume of 2,621,906. Campbell Soup has a 52-week low of $36.92 and a 52-week high of $52.81. 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 $11.35 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. The stock has a fifty day moving average of $39.07 and a 200-day moving average of $43.61.

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. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business's revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Campbell Soup will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's dividend payout ratio is presently 90.17%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business's stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sherman Asset Management Inc. acquired a new stake in shares of Campbell Soup in the 4th quarter worth approximately $36,000. Principal Securities Inc. boosted 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 purchasing an additional 290 shares in the last quarter. Kentucky Trust Co acquired a new stake in Campbell Soup in the fourth quarter valued at $42,000. Quent Capital LLC increased its position in shares of Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company's stock valued at $46,000 after buying an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Campbell Soup during the 4th quarter worth $47,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Company Profile

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.