Campbell Soup Company (CPB) Given New $41.00 Price Target at UBS Group AG
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.
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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.
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