Shares of Campbell Soup (NYSE:CPB) have earned an average recommendation of “Sell” from the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $39.62.
A number of brokerages have recently issued reports on CPB. Zacks Investment Research upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, April 18th. TheStreet downgraded Campbell Soup from a “b-” rating to a “c” rating in a report on Friday, May 18th. Credit Suisse Group set a $38.00 price target on Campbell Soup and gave the company a “hold” rating in a report on Tuesday, May 15th. Stifel Nicolaus cut their price target on Campbell Soup from $44.00 to $35.00 and set a “hold” rating on the stock in a report on Monday, May 21st. Finally, JPMorgan Chase & Co. cut their price target on Campbell Soup to $32.00 and set a “neutral” rating on the stock in a report on Monday, May 21st.
In other Campbell Soup news, Director Maria Teresa Hilado acquired 2,000 shares of the stock in a transaction dated Wednesday, June 6th. The stock was purchased at an average price of $33.22 per share, with a total value of $66,440.00. Following the transaction, the director now directly owns 4,330 shares of the company’s stock, valued at $143,842.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 37.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Whittier Trust Co. boosted its position in shares of Campbell Soup by 180.0% in the 1st quarter. Whittier Trust Co. now owns 2,800 shares of the company’s stock worth $121,000 after purchasing an additional 1,800 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Campbell Soup by 199.8% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,998 shares of the company’s stock worth $144,000 after purchasing an additional 1,998 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in Campbell Soup during the 4th quarter worth about $220,000. Valley National Advisers Inc. lifted its position in Campbell Soup by 101.4% during the 4th quarter. Valley National Advisers Inc. now owns 4,703 shares of the company’s stock worth $226,000 after acquiring an additional 2,368 shares during the period. Finally, Associated Banc Corp acquired a new stake in Campbell Soup during the 4th quarter worth about $241,000. 48.64% of the stock is owned by hedge funds and other institutional investors.
Campbell Soup traded up $0.36, hitting $37.03, during trading on Thursday, according to MarketBeat Ratings. 6,529,062 shares of the stock were exchanged, compared to its average volume of 3,798,991. The company has a market capitalization of $11.15 billion, a P/E ratio of 12.18, a PEG ratio of 2.29 and a beta of 0.30. Campbell Soup has a 1 year low of $32.63 and a 1 year high of $55.06. The company has a quick ratio of 0.37, a current ratio of 0.68 and a debt-to-equity ratio of 5.73.
Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Friday, May 18th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.60 by $0.10. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. Campbell Soup had a return on equity of 56.59% and a net margin of 5.97%. Campbell Soup’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. equities analysts anticipate that Campbell Soup will post 2.87 earnings per share for the current year.
About Campbell Soup
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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