Campbell Soup (NASDAQ:CPB) Sets New 52-Week High at $51.24

Campbell Soup (NASDAQ:CPB - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $51.24 and last traded at $51.19, with a volume of 600046 shares traded. The stock had previously closed at $49.72.

Analyst Upgrades and Downgrades

CPB has been the topic of a number of research reports. TD Cowen upped their price target on shares of Campbell Soup from $46.00 to $47.00 and gave the stock a "hold" rating in a research note on Wednesday, August 21st. Stifel Nicolaus reaffirmed a "hold" rating and issued a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Wells Fargo & Company upped their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday. DA Davidson increased their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a "buy" rating in a research report on Monday, June 10th. Finally, Sanford C. Bernstein raised shares of Campbell Soup from an "underperform" rating to a "market perform" rating and increased their target price for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Campbell Soup has a consensus rating of "Hold" and a consensus price target of $47.33.

Campbell Soup Price Performance

The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The stock's fifty day simple moving average is $47.68 and its 200-day simple moving average is $45.31. The company has a market capitalization of $15.33 billion, a P/E ratio of 20.79, a PEG ratio of 3.26 and a beta of 0.16.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.31 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Campbell Soup

Several hedge funds have recently made changes to their positions in the stock. Blair William & Co. IL lifted its stake in shares of Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company's stock valued at $1,982,000 after buying an additional 218 shares during the period. Empirical Finance LLC boosted its holdings in Campbell Soup by 3.6% during the first quarter. Empirical Finance LLC now owns 6,912 shares of the company's stock valued at $307,000 after purchasing an additional 239 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in Campbell Soup by 2.1% during the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company's stock valued at $549,000 after purchasing an additional 260 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Campbell Soup by 4.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company's stock valued at $303,000 after purchasing an additional 286 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in Campbell Soup by 5.5% during the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company's stock valued at $249,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 52.35% of the company's stock.

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.