Campbell Soup (NASDAQ:CPB) Shares Down 4.3%

Shares of Campbell Soup (NASDAQ:CPB - Get Free Report) dropped 4.3% during mid-day trading on Wednesday . The company traded as low as $48.82 and last traded at $48.90. Approximately 2,634,071 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 2,641,222 shares. The stock had previously closed at $51.10.

Wall Street Analyst Weigh In

CPB has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Campbell Soup from $41.00 to $42.00 and gave the stock a "sell" rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday. TD Cowen raised their target price 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Finally, Stifel Nicolaus restated a "hold" rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $48.18.

Campbell Soup Trading Down 3.8 %

The firm has a 50-day moving average of $48.30 and a two-hundred day moving average of $45.64. The firm has a market capitalization of $14.67 billion, a P/E ratio of 19.82, a P/E/G ratio of 3.26 and a beta of 0.18. 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 issued 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 business had revenue of $2.29 billion during 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 firm's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, analysts anticipate that Campbell Soup will post 3.18 EPS for the current year.

Institutional Trading of Campbell Soup

Institutional investors have recently modified their holdings of the business. Brandes Investment Partners LP lifted its stake in shares of Campbell Soup by 38.8% in the second quarter. Brandes Investment Partners LP now owns 12,695 shares of the company's stock worth $574,000 after acquiring an additional 3,550 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Campbell Soup during the 2nd quarter worth approximately $760,000. William B. Walkup & Associates Inc. acquired a new stake in shares of Campbell Soup during the second quarter worth $144,000. Northwestern Mutual Wealth Management Co. raised its stake in Campbell Soup by 18.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,843 shares of the company's stock worth $626,000 after buying an additional 2,152 shares during the last quarter. Finally, Creative Planning lifted its holdings in Campbell Soup by 2.4% in the second quarter. Creative Planning now owns 112,956 shares of the company's stock valued at $5,104,000 after buying an additional 2,661 shares during the period. Institutional investors own 52.35% of the company's stock.

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.

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