Campbell Soup (NYSE:CPB) has received an average recommendation of “Sell” from the nineteen ratings firms that are covering the company, Marketbeat.com reports. Twelve research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $39.08.

CPB has been the subject of several research analyst reports. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. ValuEngine raised shares of Campbell Soup from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Royal Bank of Canada lifted their price objective on shares of Campbell Soup to $43.00 and gave the company a “sector perform” rating in a report on Thursday, August 23rd. JPMorgan Chase & Co. lowered shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 price objective on the stock. in a report on Friday, August 10th. Finally, Credit Suisse Group cut their price objective on shares of Campbell Soup from $36.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, September 28th.

Shares of Campbell Soup stock traded up $1.26 on Wednesday, hitting $37.93. 3,443,413 shares of the company traded hands, compared to its average volume of 4,089,497. The company has a debt-to-equity ratio of 5.83, a quick ratio of 0.31 and a current ratio of 0.64. Campbell Soup has a 52 week low of $32.63 and a 52 week high of $51.07. The company has a market capitalization of $11.03 billion, a PE ratio of 13.22, a P/E/G ratio of 2.56 and a beta of 0.23.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Thursday, August 30th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 33.4% on a year-over-year basis. On average, analysts forecast that Campbell Soup will post 2.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 29th. Stockholders of record on Friday, October 12th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Thursday, October 11th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.78%.

In related news, insider Luca Mignini acquired 5,494 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The shares were purchased at an average cost of $36.41 per share, with a total value of $200,036.54. Following the completion of the acquisition, the insider now directly owns 112,990 shares of the company’s stock, valued at $4,113,965.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 37.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in Campbell Soup by 1.6% during the second quarter. Russell Investments Group Ltd. now owns 80,449 shares of the company’s stock valued at $3,267,000 after purchasing an additional 1,254 shares during the period. LPL Financial LLC lifted its position in Campbell Soup by 2.8% during the first quarter. LPL Financial LLC now owns 49,205 shares of the company’s stock valued at $2,131,000 after purchasing an additional 1,331 shares during the period. Intact Investment Management Inc. lifted its position in Campbell Soup by 28.0% during the second quarter. Intact Investment Management Inc. now owns 6,400 shares of the company’s stock valued at $260,000 after purchasing an additional 1,400 shares during the period. US Bancorp DE lifted its position in Campbell Soup by 3.2% during the second quarter. US Bancorp DE now owns 46,510 shares of the company’s stock valued at $1,885,000 after purchasing an additional 1,421 shares during the period. Finally, Trilogy Capital Inc. lifted its position in Campbell Soup by 17.3% during the first quarter. Trilogy Capital Inc. now owns 10,021 shares of the company’s stock valued at $434,000 after purchasing an additional 1,477 shares during the period. 55.07% of the stock is currently owned by hedge funds and other institutional investors.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; and Campbell's tomato juices in the United States, Canada, and Latin America.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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