Campbell Soup (NASDAQ:CPB) Now Covered by Analysts at Morgan Stanley

Analysts at Morgan Stanley started coverage on shares of Campbell Soup (NASDAQ:CPB - Get Free Report) in a report issued on Monday,Benzinga reports. The brokerage set an "equal weight" rating and a $40.00 price target on the stock. Morgan Stanley's price objective would indicate a potential upside of 4.77% from the company's previous close.

CPB has been the topic of several other research reports. Citigroup dropped their price objective on Campbell Soup from $39.00 to $37.00 and set a "sell" rating on the stock in a research note on Thursday, March 6th. BNP Paribas raised Campbell Soup to a "strong sell" rating in a research report on Wednesday, February 26th. Jefferies Financial Group decreased their price objective on Campbell Soup from $42.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. DA Davidson dropped their target price on shares of Campbell Soup from $46.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, Bank of America lowered their price target on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a research report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $44.86.

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Campbell Soup Trading Up 0.3 %

Campbell Soup stock traded up $0.13 during mid-day trading on Monday, hitting $38.18. The company's stock had a trading volume of 2,716,281 shares, compared to its average volume of 2,631,042. Campbell Soup has a one year low of $36.92 and a one year high of $52.81. The stock has a market cap of $11.38 billion, a PE ratio of 20.86, a P/E/G ratio of 2.71 and a beta of 0.15. The company has a 50 day moving average of $39.06 and a 200-day moving average of $43.32. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that Campbell Soup will post 3.15 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Anthony Sanzio sold 2,000 shares of the company'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 completion of the sale, the executive vice president now owns 16,551 shares of the company's stock, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.19% of the company's stock.

Hedge Funds Weigh In On Campbell Soup

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sherman Asset Management Inc. acquired a new stake in Campbell Soup during the fourth quarter worth $36,000. Principal Securities Inc. raised its stake in shares of Campbell Soup by 45.5% in the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock valued at $39,000 after acquiring an additional 290 shares during the period. Kentucky Trust Co acquired a new position in shares of Campbell Soup in the 4th quarter worth approximately $42,000. Quent Capital LLC boosted its position in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company's stock worth $46,000 after purchasing an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Campbell Soup in the 4th quarter valued at approximately $47,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.