CPB has been the topic of several other reports. Piper Jaffray Companies set a $43.00 target price on Campbell Soup and gave the stock a sell rating in a report on Wednesday, April 18th. Zacks Investment Research lowered Campbell Soup from a buy rating to a hold rating in a report on Wednesday, May 16th. Goldman Sachs Group restated a sell rating and issued a $43.00 target price on shares of Campbell Soup in a research report on Friday, April 13th. Royal Bank of Canada decreased their target price on Campbell Soup to $40.00 and set a sector perform rating on the stock in a research report on Monday, May 21st. Finally, Credit Suisse Group set a $38.00 target price on Campbell Soup and gave the company a hold rating in a research report on Tuesday, May 15th. Ten investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Campbell Soup currently has an average rating of Sell and a consensus price target of $40.21.
Shares of Campbell Soup traded up $1.01, reaching $36.51, during midday trading on Tuesday, according to Marketbeat Ratings. 10,943,300 shares of the stock were exchanged, compared to its average volume of 3,679,993. The company has a current ratio of 0.68, a quick ratio of 0.37 and a debt-to-equity ratio of 5.73. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 2.15 and a beta of 0.30. Campbell Soup has a 52 week low of $32.63 and a 52 week high of $57.06.
Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Friday, May 18th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.10. Campbell Soup had a return on equity of 56.59% and a net margin of 5.97%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business posted $0.59 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. equities research analysts predict that Campbell Soup will post 2.87 EPS for the current year.
In other Campbell Soup news, Director Maria Teresa Hilado bought 2,000 shares of Campbell Soup stock in a transaction on Wednesday, June 6th. The shares were bought at an average price of $33.22 per share, for a total transaction of $66,440.00. Following the completion of the transaction, the director now directly owns 4,330 shares of the company’s stock, valued at $143,842.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 37.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Partners LLC grew its stake in shares of Campbell Soup by 22.8% in the fourth quarter. Advisor Partners LLC now owns 5,779 shares of the company’s stock valued at $274,000 after buying an additional 1,074 shares in the last quarter. First Personal Financial Services grew its stake in shares of Campbell Soup by 44.0% in the fourth quarter. First Personal Financial Services now owns 3,856 shares of the company’s stock valued at $186,000 after buying an additional 1,179 shares in the last quarter. LPL Financial LLC grew its stake in shares of Campbell Soup by 2.8% in the first quarter. LPL Financial LLC now owns 49,205 shares of the company’s stock valued at $2,131,000 after buying an additional 1,331 shares in the last quarter. Boulegeris Investments Inc. grew its stake in shares of Campbell Soup by 5.3% in the first quarter. Boulegeris Investments Inc. now owns 27,746 shares of the company’s stock valued at $1,202,000 after buying an additional 1,385 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Campbell Soup by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 108,596 shares of the company’s stock valued at $5,225,000 after buying an additional 1,421 shares in the last quarter. 48.66% of the stock is owned by institutional investors and hedge funds.
Campbell Soup Company Profile
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; and Campbell's tomato juices in the United States, Canada, and Latin America.
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