Campbell Soup Company (CPB) Given a $50.00 Price Target at Piper Jaffray Companies
Other analysts have also issued research reports about the company. Zacks Investment Research lowered Campbell Soup from a hold rating to a sell rating in a research note on Wednesday, July 19th. Barclays PLC reaffirmed a sell rating on shares of Campbell Soup in a research note on Tuesday, July 25th. Royal Bank of Canada cut their target price on Campbell Soup from $60.00 to $56.00 and set a sector perform rating for the company in a research note on Friday, September 1st. Deutsche Bank AG reaffirmed a hold rating and issued a $51.00 target price (down previously from $58.00) on shares of Campbell Soup in a research note on Friday, September 1st. Finally, Credit Suisse Group set a $47.00 target price on Campbell Soup and gave the stock a sell rating in a research note on Sunday, July 23rd. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Campbell Soup has an average rating of Hold and a consensus target price of $50.91.
Campbell Soup (NYSE CPB) opened at 46.18 on Wednesday. The company has a 50-day moving average of $47.10 and a 200-day moving average of $53.18. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 15.98 and a beta of 0.36. Campbell Soup has a one year low of $45.00 and a one year high of $64.23.
Campbell Soup (NYSE:CPB) last issued its earnings results on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Campbell Soup had a return on equity of 81.81% and a net margin of 19.11%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. Equities research analysts expect that Campbell Soup will post $3.05 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, October 13th 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 3.03%. The ex-dividend date is Thursday, October 12th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.44%.
In other Campbell Soup news, insider Luca Mignini bought 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was bought at an average price of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the acquisition, the insider now directly owns 88,178 shares in the company, valued at $4,097,631.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. 37.30% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in CPB. Motco raised its holdings in shares of Campbell Soup by 301.9% during the second quarter. Motco now owns 2,130 shares of the company’s stock valued at $111,000 after acquiring an additional 1,600 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Campbell Soup by 19.2% during the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after acquiring an additional 408 shares in the last quarter. Mercer Capital Advisers Inc. raised its holdings in shares of Campbell Soup by 13.6% during the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after acquiring an additional 405 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Campbell Soup by 7.0% during the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after acquiring an additional 204 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Campbell Soup by 6.1% during the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after acquiring an additional 213 shares in the last quarter. Institutional investors own 44.67% of the company’s stock.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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