Campbell Soup Co. (CPB) Stock Price Down 0.4%
Campbell Soup Co. (NYSE:CPB)’s share price dropped 0.4% during trading on Friday . The company traded as low as $66.01 and last traded at $66.53, with a volume of 754,278 shares trading hands. The stock had previously closed at $66.83.
CPB has been the topic of a number of research reports. Vetr raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $65.63 target price on the stock in a research note on Wednesday, April 13th. Zacks Investment Research downgraded shares of Campbell Soup from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 price target on shares of Campbell Soup in a research note on Monday, May 23rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Campbell Soup presently has a consensus rating of “Hold” and a consensus price target of $58.05.
The company’s 50-day moving average is $62.64 and its 200-day moving average is $60.52. The firm has a market capitalization of $20.71 billion and a price-to-earnings ratio of 30.42.
Campbell Soup (NYSE:CPB) last posted its earnings results on Friday, May 20th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. During the same period in the prior year, the firm earned $0.62 earnings per share. The business earned $1.87 billion during the quarter, compared to the consensus estimate of $1.91 billion. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Campbell Soup Co. will post $2.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Monday, July 11th will be paid a $0.312 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, July 7th.
Other hedge funds have recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its stake in shares of Campbell Soup by 0.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 20,181 shares of the company’s stock worth $1,061,000 after buying an additional 79 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Campbell Soup by 0.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 56,218 shares of the company’s stock worth $2,954,000 after buying an additional 150 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Campbell Soup by 1.8% in the fourth quarter. World Asset Management Inc now owns 19,810 shares of the company’s stock worth $1,041,000 after buying an additional 347 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of Campbell Soup by 3.5% in the fourth quarter. Pittenger & Anderson Inc. now owns 28,980 shares of the company’s stock worth $1,523,000 after buying an additional 980 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its stake in shares of Campbell Soup by 5.3% in the fourth quarter. Cadence Capital Management LLC now owns 19,755 shares of the company’s stock worth $1,038,000 after buying an additional 998 shares during the last quarter.
Campbell Soup Company manufactures and markets food products. The Company’s segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages, and Bolthouse and Foodservice. Its U.S. Simple Meals segment includes various products, such as Campbell’s condensed and ready-to-serve soups; Prego pasta sauces, and Pace Mexican sauces.
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