Campbell Soup (NASDAQ:CPB) Price Target Cut to $40.00 by Analysts at Wells Fargo & Company

Campbell Soup (NASDAQ:CPB - Free Report) had its target price decreased by Wells Fargo & Company from $43.00 to $40.00 in a research report sent to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the stock. DA Davidson reaffirmed a "neutral" rating and set a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Citigroup lowered their target price on shares of Campbell Soup from $44.00 to $41.00 and set a "sell" rating for the company in a research note on Thursday, December 5th. Royal Bank of Canada reissued a "sector perform" rating and set a $51.00 target price on shares of Campbell Soup in a research note on Monday, December 2nd. BNP Paribas raised shares of Campbell Soup to a "strong sell" rating in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group lowered their target price on shares of Campbell Soup from $42.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $46.36.

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Campbell Soup Trading Up 5.1 %

Shares of CPB stock traded up $2.02 during trading hours on Thursday, hitting $41.81. 6,629,049 shares of the company's stock traded hands, compared to its average volume of 2,566,800. The stock's 50 day simple moving average is $39.39 and its 200 day simple moving average is $44.31. The stock has a market cap of $12.47 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. Campbell Soup has a 12 month low of $36.92 and a 12 month high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

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

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's payout ratio is 90.17%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company's stock in a transaction dated Friday, January 3rd. The shares were 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 directly owns 16,551 shares of the company's stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPB. Franklin Resources Inc. grew its position in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company's stock valued at $91,623,000 after acquiring an additional 1,792,005 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Campbell Soup by 272.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company's stock valued at $93,949,000 after buying an additional 1,641,400 shares in the last quarter. Man Group plc lifted its stake in shares of Campbell Soup by 1,296.1% during the 4th quarter. Man Group plc now owns 1,407,161 shares of the company's stock valued at $58,932,000 after buying an additional 1,306,372 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Campbell Soup by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company's stock valued at $194,556,000 after buying an additional 1,282,957 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Campbell Soup during the 4th quarter valued at approximately $50,908,000. 52.35% of the stock is owned by 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.