The Campbell Soup Company (NASDAQ:CPB) Receives $44.86 Consensus PT from Brokerages

Shares of The Campbell Soup Company (NASDAQ:CPB - Get Free Report) have earned an average rating of "Hold" from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $44.86.

Several equities research analysts recently issued reports on the company. DA Davidson cut their price target on Campbell Soup from $46.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Barclays reduced their target price on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a report on Friday, December 6th. Morgan Stanley started coverage on shares of Campbell Soup in a research report on Monday, March 24th. They issued an "equal weight" rating and a $40.00 target price for the company. Royal Bank of Canada reduced their price target on shares of Campbell Soup from $51.00 to $44.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. downgraded shares of Campbell Soup from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $48.00 to $37.00 in a research report on Thursday, March 6th.

Campbell Soup Stock Performance

CPB traded down $0.52 during trading hours on Monday, reaching $39.38. The company's stock had a trading volume of 1,623,839 shares, compared to its average volume of 2,712,388. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The company's 50-day moving average is $39.10 and its 200-day moving average is $42.92. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81. The firm has a market cap of $11.74 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19.

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Campbell Soup (NASDAQ:CPB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business's quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Campbell Soup will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Thursday, April 3rd. Campbell Soup's payout ratio is 90.17%.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company's stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 20.19% of the company's stock.

Institutional Trading of Campbell Soup

Several large investors have recently modified their holdings of the stock. FMR LLC grew its holdings in Campbell Soup by 34.2% in the third quarter. FMR LLC now owns 165,494 shares of the company's stock worth $8,096,000 after purchasing an additional 42,216 shares during the period. BNP Paribas Financial Markets increased its position in Campbell Soup by 16.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 332,855 shares of the company's stock valued at $16,283,000 after buying an additional 47,105 shares in the last quarter. Townsquare Capital LLC acquired a new position in Campbell Soup during the 3rd quarter worth approximately $223,000. Public Sector Pension Investment Board boosted its holdings in Campbell Soup by 15.4% in the third quarter. Public Sector Pension Investment Board now owns 9,009 shares of the company's stock worth $441,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Campbell Soup by 348.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,241 shares of the company's stock valued at $7,007,000 after acquiring an additional 111,300 shares during the period. Institutional investors and hedge funds 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.