Campbell Soup Company (NYSE:CPB) had its price target lowered by UBS Group AG from $42.00 to $41.00 in a research note issued to investors on Wednesday morning. UBS Group AG currently has a sell rating on the stock.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada set a $56.00 target price on shares of Campbell Soup and gave the stock a hold rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Campbell Soup from a sell rating to a hold rating in a report on Tuesday, August 29th. Deutsche Bank AG restated a hold rating and set a $51.00 price objective (down from $58.00) on shares of Campbell Soup in a report on Friday, September 1st. Piper Jaffray Companies set a $50.00 price objective on shares of Campbell Soup and gave the stock a hold rating in a report on Wednesday, October 11th. Finally, Goldman Sachs Group, Inc. (The) dropped their price objective on shares of Campbell Soup from $49.00 to $45.00 and set a hold rating on the stock in a report on Sunday, September 3rd. Seven investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average price target of $50.18.

Shares of Campbell Soup (NYSE CPB) opened at $46.77 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The firm has a market cap of $13,776.23, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 3.51 and a beta of 0.38. Campbell Soup has a twelve month low of $44.99 and a twelve month high of $64.23.

Campbell Soup (NYSE:CPB) last posted its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. sell-side analysts anticipate that Campbell Soup will post 2.94 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Campbell Soup Company (CPB) Given New $41.00 Price Target at UBS Group AG” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.watchlistnews.com/campbell-soup-company-cpb-given-new-41-00-price-target-at-ubs-group-ag/1721465.html.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 annualized dividend and a yield of 2.99%. Campbell Soup’s payout ratio is currently 48.95%.

In other Campbell Soup news, insider Luca Mignini purchased 4,300 shares of the stock in a transaction on Wednesday, September 27th. The shares were purchased at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the purchase, the insider now owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of Campbell Soup stock in a transaction on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of CPB. Bessemer Group Inc. increased its stake in Campbell Soup by 80,239.5% in the 3rd quarter. Bessemer Group Inc. now owns 3,445,763 shares of the company’s stock valued at $161,331,000 after buying an additional 3,441,474 shares during the last quarter. Renaissance Technologies LLC increased its stake in Campbell Soup by 585.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,494,700 shares of the company’s stock valued at $130,099,000 after buying an additional 2,130,700 shares during the last quarter. APG Asset Management N.V. increased its stake in Campbell Soup by 50.7% in the 3rd quarter. APG Asset Management N.V. now owns 3,545,569 shares of the company’s stock valued at $166,004,000 after buying an additional 1,192,900 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Campbell Soup by 16.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,493,192 shares of the company’s stock valued at $304,011,000 after buying an additional 897,314 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Campbell Soup by 116.3% in the 3rd quarter. American Century Companies Inc. now owns 1,357,438 shares of the company’s stock valued at $63,555,000 after buying an additional 729,762 shares during the last quarter. Hedge funds and other institutional investors own 47.08% 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.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup Company and related companies with Analyst Ratings Network's FREE daily email newsletter.