Campbell Soup’s (CPB) “Hold” Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reiterated their hold rating on shares of Campbell Soup Company (NYSE:CPB) in a report released on Wednesday. Royal Bank Of Canada currently has a $53.00 target price on the stock.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Campbell Soup from a sell rating to a hold rating in a research note on Tuesday, August 29th. Deutsche Bank AG restated a hold rating and set a $51.00 price objective (down previously from $58.00) on shares of Campbell Soup in a research note on Friday, September 1st. Goldman Sachs Group Inc reduced their target price on Campbell Soup from $49.00 to $45.00 and set a hold rating on the stock in a report on Sunday, September 3rd. Piper Jaffray Companies set a $50.00 target price on Campbell Soup and gave the stock a hold rating in a report on Wednesday, October 11th. Finally, Credit Suisse Group reaffirmed a sell rating and set a $43.00 target price (down previously from $47.00) on shares of Campbell Soup in a report on Friday, September 1st. Seven analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Campbell Soup currently has an average rating of Hold and a consensus target price of $50.00.
Shares of Campbell Soup (NYSE:CPB) opened at $46.04 on Wednesday. Campbell Soup has a 12 month low of $44.99 and a 12 month high of $64.23. The company has a current ratio of 0.77, a quick ratio of 0.42 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $13,836.36, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 3.49 and a beta of 0.38.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $1.00 EPS. Campbell Soup’s revenue for the quarter was down 1.9% compared to the same quarter last year. equities research analysts forecast that Campbell Soup will post 2.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, January 9th. Campbell Soup’s dividend payout ratio is presently 48.95%.
In related news, insider Luca Mignini purchased 4,300 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were acquired at an average price of $46.47 per share, with a total value of $199,821.00. Following the acquisition, the insider now owns 88,178 shares in the company, valued at approximately $4,097,631.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was 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. Company insiders own 37.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Robinson Value Management Ltd. lifted its holdings in shares of Campbell Soup by 8.0% in the 3rd quarter. Robinson Value Management Ltd. now owns 22,073 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,630 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Campbell Soup in the 3rd quarter valued at approximately $618,000. IFM Investors Pty Ltd acquired a new stake in Campbell Soup in the 3rd quarter valued at approximately $290,000. California Public Employees Retirement System increased its position in Campbell Soup by 6.1% in the 3rd quarter. California Public Employees Retirement System now owns 418,433 shares of the company’s stock valued at $19,591,000 after acquiring an additional 23,933 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Campbell Soup by 94.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,945 shares of the company’s stock valued at $653,000 after acquiring an additional 6,787 shares during the period. 47.08% of the stock is currently owned by institutional investors and hedge funds.
About Campbell Soup
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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