Campbell Soup (NYSE:CPB) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Campbell Soup (NYSE:CPB) from a hold rating to a sell rating in a research report released on Thursday.

Other research analysts also recently issued reports about the stock. DA Davidson raised their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a buy rating in a research report on Monday, June 10th. JPMorgan Chase & Co. upgraded shares of Campbell Soup from a neutral rating to an overweight rating and raised their price target for the stock from $45.00 to $52.00 in a research report on Wednesday, June 26th. Royal Bank of Canada restated a sector perform rating and issued a $47.00 price target on shares of Campbell Soup in a research report on Friday, June 7th. Citigroup raised their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a research report on Thursday, May 23rd. Finally, Sanford C. Bernstein raised shares of Campbell Soup from an underperform rating to a market perform rating and increased their price objective for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Campbell Soup presently has an average rating of Hold and a consensus price target of $46.56.

Campbell Soup Trading Up 1.0 %

NYSE CPB opened at $46.75 on Thursday. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $48.63. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.16. The company’s fifty day moving average price is $45.05 and its two-hundred day moving average price is $44.20.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts predict that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a yield of 3.17%. Campbell Soup’s payout ratio is 59.92%.

Hedge Funds Weigh In On Campbell Soup

Several large investors have recently bought and sold shares of the stock. Lingohr Asset Management GmbH acquired a new position in shares of Campbell Soup in the 4th quarter worth approximately $627,000. First Trust Advisors LP grew its stake in shares of Campbell Soup by 6.5% in the 4th quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock worth $28,592,000 after purchasing an additional 40,504 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of Campbell Soup in the 4th quarter worth approximately $1,211,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Campbell Soup in the 4th quarter worth approximately $1,045,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Campbell Soup in the 1st quarter worth approximately $672,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.