Campbell Soup (NASDAQ:CPB) Earns Equal Weight Rating from Analysts at Morgan Stanley

Analysts at Morgan Stanley began coverage on shares of Campbell Soup (NASDAQ:CPB - Get Free Report) in a report released on Monday,Benzinga reports. The firm set an "equal weight" rating and a $40.00 price target on the stock. Morgan Stanley's target price would indicate a potential upside of 0.70% from the company's previous close.

A number of other brokerages also recently issued reports on CPB. Wells Fargo & Company dropped 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, March 6th. Bank of America dropped their price target on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a research note on Thursday, March 6th. BNP Paribas upgraded shares of Campbell Soup to a "strong sell" rating in a research report on Wednesday, February 26th. Stephens reiterated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Consumer Edge reaffirmed an "equal weight" rating on shares of Campbell Soup in a research note on Monday, March 17th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $44.86.

Campbell Soup Trading Up 0.4 %

CPB traded up $0.14 during trading on Monday, reaching $39.72. 2,014,581 shares of the company's stock were exchanged, compared to its average volume of 2,705,660. The firm has a fifty day moving average price of $39.08 and a two-hundred day moving average price of $43.09. The stock has a market capitalization of $11.84 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. Campbell Soup has a one year low of $36.92 and a one year 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.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share 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 during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup's revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Campbell Soup by 25.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,752 shares of the company's stock valued at $450,000 after purchasing an additional 2,156 shares during the period. Siemens Fonds Invest GmbH purchased a new position in shares of Campbell Soup during the 4th quarter valued at $135,000. QSM Asset Management Ltd bought a new position in shares of Campbell Soup during the 4th quarter worth $6,556,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Campbell Soup in the 4th quarter worth about $10,462,000. Finally, Forum Financial Management LP bought a new stake in Campbell Soup in the 4th quarter valued at about $264,000. 52.35% of the stock is owned by 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.