Campbell Soup (NYSE:CPB) Given Consensus Rating of “Hold” by Brokerages

Campbell Soup (NYSE:CPB) has earned a consensus rating of “Hold” from the twenty analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $51.12.

A number of brokerages have recently commented on CPB. Wells Fargo & Co reduced their target price on shares of Campbell Soup from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 4th. Morgan Stanley increased their price objective on shares of Campbell Soup from $51.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Deutsche Bank increased their price objective on shares of Campbell Soup from $52.00 to $53.00 and gave the company a “hold” rating in a research note on Friday, May 22nd. UBS Group increased their price objective on shares of Campbell Soup from $44.00 to $45.00 and gave the company a “sell” rating in a research note on Thursday, June 4th. Finally, Sanford C. Bernstein downgraded shares of Campbell Soup from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $49.00 to $40.00 in a research note on Thursday, June 11th.

Shares of NYSE:CPB traded up $0.26 during trading on Tuesday, reaching $49.57. 1,615,563 shares of the company were exchanged, compared to its average volume of 1,670,405. The firm has a market capitalization of $14.98 billion, a PE ratio of 9.84, a P/E/G ratio of 2.04 and a beta of 0.42. The business’s fifty day simple moving average is $49.21 and its 200-day simple moving average is $49.01. Campbell Soup has a 12-month low of $40.61 and a 12-month high of $57.54. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.84 and a quick ratio of 0.62.

Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, June 3rd. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.26 billion. Campbell Soup had a net margin of 18.34% and a return on equity of 46.05%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. On average, sell-side analysts anticipate that Campbell Soup will post 2.93 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.82%. Campbell Soup’s dividend payout ratio is currently 60.87%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prestige Wealth Management Group LLC raised its holdings in shares of Campbell Soup by 135.1% in the first quarter. Prestige Wealth Management Group LLC now owns 590 shares of the company’s stock worth $28,000 after buying an additional 339 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Campbell Soup by 43.7% in the first quarter. Flagship Harbor Advisors LLC now owns 658 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Campbell Soup in the fourth quarter worth $42,000. Allworth Financial LP raised its holdings in shares of Campbell Soup by 240.0% in the first quarter. Allworth Financial LP now owns 850 shares of the company’s stock worth $39,000 after buying an additional 600 shares during the last quarter. Finally, Rational Advisors LLC raised its holdings in shares of Campbell Soup by 665.8% in the first quarter. Rational Advisors LLC now owns 850 shares of the company’s stock worth $39,000 after buying an additional 739 shares during the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Company Profile

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; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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