Argus downgraded shares of Campbell Soup Co. (NYSE:CPB) from a buy rating to a hold rating in a research note issued to investors on Monday. Argus currently has $55.38 target price on the stock, up from their prior target price of $47.77.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

Several other brokerages have also weighed in on CPB. Bank of America Corp. reiterated a neutral rating on shares of Campbell Soup in a research report on Friday, September 2nd. Zacks Investment Research lowered shares of Campbell Soup from a hold rating to a sell rating in a research report on Tuesday, August 30th. Citigroup Inc. decreased their target price on shares of Campbell Soup from $67.00 to $63.00 and set a neutral rating on the stock in a research report on Friday, September 2nd. RBC Capital Markets reiterated a sector perform rating and set a $58.00 target price (down from $62.00) on shares of Campbell Soup in a research report on Sunday, September 4th. Finally, Wells Fargo & Co. set a $59.50 target price on shares of Campbell Soup and gave the company a hold rating in a research report on Sunday, September 4th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $59.83.

Campbell Soup (NYSE:CPB) opened at 55.31 on Monday. The company has a 50-day moving average price of $59.32 and a 200-day moving average price of $62.32. Campbell Soup has a 12-month low of $47.77 and a 12-month high of $67.89. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 30.56 and a beta of 0.31.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Thursday, September 1st. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.04. Campbell Soup had a return on equity of 59.50% and a net margin of 7.07%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Campbell Soup will post $3.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Wednesday, October 12th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, October 7th. Campbell Soup’s payout ratio is 69.44%.

In related news, insider Jeff Dunn sold 8,459 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $56.24, for a total transaction of $475,734.16. Following the completion of the sale, the insider now directly owns 112,775 shares of the company’s stock, valued at $6,342,466. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP William J. O’shea sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $57.74, for a total transaction of $750,620.00. Following the sale, the vice president now directly owns 28,952 shares of the company’s stock, valued at $1,671,688.48. The disclosure for this sale can be found here. Corporate insiders own 37.70% of the company’s stock.

Several large investors have recently bought and sold shares of CPB. Van ECK Associates Corp increased its stake in Campbell Soup by 38.6% in the second quarter. Van ECK Associates Corp now owns 1,740 shares of the company’s stock worth $116,000 after buying an additional 485 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Campbell Soup by 9.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,798 shares of the company’s stock valued at $120,000 after buying an additional 161 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of Campbell Soup by 69.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,388 shares of the company’s stock valued at $159,000 after buying an additional 981 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Campbell Soup by 38.1% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the company’s stock valued at $193,000 after buying an additional 800 shares during the last quarter. Finally, Mercer Capital Advisers Inc. increased its stake in shares of Campbell Soup by 1.8% in the second quarter. Mercer Capital Advisers Inc. now owns 2,958 shares of the company’s stock valued at $197,000 after buying an additional 53 shares during the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

About Campbell Soup

Campbell Soup Company manufactures and markets food products. The Company’s segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces.

5 Day Chart for NYSE:CPB

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