Campbell Soup (NASDAQ:CPB) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of Campbell Soup (NASDAQ:CPB - Free Report) from a sell rating to a hold rating in a research report released on Thursday.

CPB has been the subject of a number of other reports. TD Cowen increased their target price on shares of Campbell Soup from $46.00 to $47.00 and gave the company a hold rating in a research report on Wednesday, August 21st. Sanford C. Bernstein upgraded shares of Campbell Soup from an underperform rating to a market perform rating and upped their price target for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. Stifel Nicolaus restated a hold rating and set 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 company an equal weight rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upgraded shares of Campbell Soup from a neutral rating to an overweight rating and upped their price target for the company from $45.00 to $52.00 in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $47.55.

Campbell Soup Stock Performance

Shares of Campbell Soup stock traded down $0.30 on Thursday, reaching $51.34. 2,263,290 shares of the company traded hands, compared to its average volume of 2,636,063. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $52.33. The company has a 50 day moving average of $47.93 and a 200 day moving average of $45.39. The firm has a market capitalization of $15.33 billion, a PE ratio of 20.79, a PEG ratio of 3.26 and a beta of 0.16. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24.

Campbell Soup (NASDAQ:CPB - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share 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 firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm earned $0.50 EPS. The company's revenue was up 10.9% compared to the same quarter last year. Equities analysts forecast that Campbell Soup will post 3.18 earnings per share for the current year.

Institutional Trading of Campbell Soup

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of Campbell Soup in the 1st quarter worth $28,000. Jones Financial Companies Lllp bought a new position in shares of Campbell Soup in the 4th quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup in the 2nd quarter worth $32,000. Larson Financial Group LLC increased its holdings in shares of Campbell Soup by 3,760.9% in the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company's stock worth $39,000 after buying an additional 865 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new position in shares of Campbell Soup in the 2nd quarter worth $44,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

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.