Campbell Soup (NASDAQ:CPB) Cut to Neutral at DA Davidson

Campbell Soup (NASDAQ:CPB - Get Free Report) was downgraded by DA Davidson from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $51.00 price objective on the stock. DA Davidson's price target indicates a potential upside of 3.32% from the company's current price.

A number of other equities research analysts have also commented on the stock. Stifel Nicolaus reaffirmed a "hold" rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th. TD Cowen upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a report on Thursday, September 12th. Argus upgraded shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 target price on the stock in a report on Friday, September 20th. StockNews.com upgraded shares of Campbell Soup from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Wells Fargo & Company increased their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $49.85.

Campbell Soup Stock Down 0.1 %

Shares of CPB stock traded down $0.06 during trading on Friday, reaching $49.36. The company's stock had a trading volume of 2,432,377 shares, compared to its average volume of 2,629,785. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The business has a fifty day moving average price of $49.42 and a 200-day moving average price of $46.25. Campbell Soup has a one year low of $37.94 and a one year high of $52.81. The company has a market cap of $14.74 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. Analysts anticipate that Campbell Soup will post 3.18 earnings per share for the current year.

Hedge Funds Weigh In On Campbell Soup

A number of institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company's stock valued at $393,603,000 after buying an additional 161,392 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Campbell Soup by 21.2% in the 1st quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company's stock worth $147,375,000 after acquiring an additional 580,411 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Campbell Soup by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock valued at $129,971,000 after purchasing an additional 363,736 shares during the period. LSV Asset Management lifted its stake in shares of Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock valued at $110,187,000 after purchasing an additional 2,390,700 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Campbell Soup by 7.3% in the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company's stock valued at $55,554,000 after purchasing an additional 85,099 shares during the period. 52.35% of the stock is owned by hedge funds and other 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.