Campbell Soup (NASDAQ:CPB) Sets New 1-Year High at $52.62

Campbell Soup (NASDAQ:CPB - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $52.62 and last traded at $52.62, with a volume of 271966 shares trading hands. The stock had previously closed at $51.74.

Analysts Set New Price Targets

CPB has been the subject of a number of research reports. TD Cowen lifted their target price on shares of Campbell Soup from $46.00 to $47.00 and gave the company a "hold" rating in a research note on Wednesday, August 21st. DA Davidson boosted their target price on Campbell Soup from $47.00 to $49.00 and gave the company a "buy" rating in a research note on Monday, June 10th. Citigroup raised their price target on Campbell Soup from $41.00 to $42.00 and gave the stock a "sell" rating in a research note on Thursday, May 23rd. Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Campbell Soup has an average rating of "Hold" and a consensus price target of $47.55.

Campbell Soup Price Performance

The stock has a market cap of $15.26 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 3.26 and a beta of 0.18. The stock has a fifty day simple moving average of $48.19 and a 200-day simple moving average of $45.58. The company has a current ratio of 0.61, a quick ratio of 0.24 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Campbell Soup's revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that Campbell Soup will post 3.18 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. M&G Plc bought a new stake in Campbell Soup in the 2nd quarter valued at $469,000. Lingohr Asset Management GmbH acquired a new position in Campbell Soup in the fourth quarter worth about $627,000. First Trust Advisors LP lifted its stake in Campbell Soup by 6.5% during the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company's stock worth $28,592,000 after purchasing an additional 40,504 shares during the period. Stephens Inc. AR acquired a new stake in Campbell Soup during the fourth quarter valued at approximately $1,211,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Campbell Soup in the 4th quarter valued at approximately $1,045,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

About Campbell Soup

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.