Campbell Soup (NYSE:CPB) Given Consensus Rating of “Reduce” by Analysts

Shares of Campbell Soup (NYSE:CPB) have been given an average recommendation of “Reduce” by the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.25.

A number of equities analysts have commented on the stock. DA Davidson assumed coverage on shares of Campbell Soup in a report on Friday, March 1st. They issued a “buy” rating and a $48.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Evercore ISI assumed coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Friday. Finally, Citigroup upped their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd.

Institutional Investors Weigh In On Campbell Soup

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. purchased a new stake in Campbell Soup in the 1st quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Campbell Soup by 165.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Campbell Soup during the 4th quarter valued at approximately $31,000. Larson Financial Group LLC lifted its position in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after buying an additional 865 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Campbell Soup by 79.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after buying an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

CPB stock opened at $42.86 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.43. The business has a 50-day moving average price of $44.67 and a 200 day moving average price of $43.59. The company has a market capitalization of $12.80 billion, a P/E ratio of 17.35, a PEG ratio of 2.69 and a beta of 0.19. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $46.97.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. As a group, equities research analysts forecast that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be given a $0.37 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a yield of 3.45%. Campbell Soup’s dividend payout ratio is presently 59.92%.

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.