Campbell Soup (NASDAQ:CPB - Get Free Report) had its price objective decreased by investment analysts at Jefferies Financial Group from $42.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's target price would suggest a potential downside of 4.33% from the company's current price.
A number of other equities analysts have also weighed in on the company. Citigroup decreased their target price on Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research report on Thursday, December 5th. Piper Sandler raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Stephens restated an "overweight" rating on shares of Campbell Soup in a report on Wednesday, December 4th. BNP Paribas upgraded shares of Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $51.00 price target on shares of Campbell Soup in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Campbell Soup currently has a consensus rating of "Hold" and a consensus price target of $46.36.
Get Our Latest Stock Analysis on CPB
Campbell Soup Stock Up 5.1 %
Shares of NASDAQ CPB traded up $2.02 during midday trading on Wednesday, hitting $41.81. The stock had a trading volume of 6,629,049 shares, compared to its average volume of 2,565,971. The business's 50 day moving average is $39.39 and its 200-day moving average is $44.31. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81. 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 company has a market cap of $12.46 billion, a P/E ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.19.
Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup's revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that Campbell Soup will post 3.15 EPS for the current year.
Insider Buying and Selling at Campbell Soup
In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was 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 of the company's stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.19% of the company's stock.
Institutional Trading of Campbell Soup
Several institutional investors have recently made changes to their positions in the business. Ballentine Partners LLC boosted its stake in Campbell Soup by 2.8% in the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company's stock worth $404,000 after purchasing an additional 262 shares during the period. Principal Securities Inc. boosted its position in shares of 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 acquiring an additional 290 shares during the last quarter. SPC Financial Inc. grew its stake in Campbell Soup by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company's stock valued at $569,000 after acquiring an additional 300 shares in the last quarter. Ascent Wealth Partners LLC increased its holdings in Campbell Soup by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company's stock valued at $845,000 after acquiring an additional 306 shares during the last quarter. Finally, DoubleLine ETF Adviser LP lifted its stake in Campbell Soup by 2.8% in the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company's stock worth $487,000 after purchasing an additional 312 shares in the last quarter. Hedge funds and other institutional investors 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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