Campbell Soup (CPB) Receives $39.08 Consensus Price Target from Analysts

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Campbell Soup (NYSE:CPB) has been assigned an average recommendation of “Sell” from the nineteen brokerages that are covering the firm, Marketbeat reports. Twelve equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $39.08.

CPB has been the topic of a number of research reports. Piper Jaffray Companies set a $35.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a report on Tuesday, August 14th. UBS Group set a $30.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a report on Thursday, August 23rd. ValuEngine upgraded shares of Campbell Soup from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. JPMorgan Chase & Co. lowered shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $48.00 target price on the stock. in a report on Friday, August 10th. Finally, Wolfe Research lowered shares of Campbell Soup from a “peer perform” rating to an “underperform” rating in a report on Wednesday, September 5th.

In other news, insider Luca Mignini acquired 5,494 shares of Campbell Soup stock in a transaction dated Tuesday, October 2nd. The shares were acquired at an average cost of $36.41 per share, for a total transaction of $200,036.54. Following the acquisition, the insider now owns 112,990 shares of the company’s stock, valued at $4,113,965.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 37.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Rational Advisors LLC acquired a new stake in shares of Campbell Soup in the 1st quarter valued at $463,000. Valeo Financial Advisors LLC acquired a new stake in shares of Campbell Soup in the 2nd quarter valued at $328,000. Russell Investments Group Ltd. raised its holdings in shares of Campbell Soup by 1.6% in the 2nd 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 in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Campbell Soup in the 2nd quarter valued at $175,000. Finally, Standard Life Aberdeen plc raised its holdings in shares of Campbell Soup by 0.9% in the 2nd quarter. Standard Life Aberdeen plc now owns 308,175 shares of the company’s stock valued at $12,498,000 after purchasing an additional 2,697 shares in the last quarter. Institutional investors and hedge funds own 55.07% of the company’s stock.

Shares of CPB stock traded up $1.26 during trading hours on Wednesday, hitting $37.93. The company had a trading volume of 3,443,413 shares, 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 fifty-two week low of $32.63 and a fifty-two week high of $51.07. The firm has a market cap of $11.03 billion, a P/E ratio of 13.22, a P/E/G ratio of 2.56 and a beta of 0.23.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Thursday, August 30th. The company reported $0.25 EPS for the quarter, topping the 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 for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business posted $0.52 EPS. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year. As a group, research analysts predict that Campbell Soup will post 2.43 EPS for the current fiscal year.

The company 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 $0.35 dividend. The ex-dividend date is Thursday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.69%. Campbell Soup’s payout ratio is 48.78%.

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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