Campbell Soup Co. (CPB) Trading Down 0.4%
Shares of Campbell Soup Co. (NYSE:CPB) traded down 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 changing hands. The stock had previously closed at $66.83.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Campbell Soup from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 target price on shares of Campbell Soup in a report on Monday, May 23rd. Finally, Vetr raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $65.63 target price for the company in a report on Wednesday, April 13th. 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 has an average rating of “Hold” and an average price target of $58.05.
The firm has a 50-day moving average price of $62.73 and a 200 day moving average price of $60.62. The company has a market capitalization of $20.71 billion and a PE ratio of 30.42.
Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Friday, May 20th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. Equities research analysts expect that Campbell Soup Co. will post $2.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Monday, July 11th will be paid a dividend of $0.312 per share. This represents a $1.25 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, July 7th.
Other hedge funds have made changes to their positions in the company. 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 valued at $1,041,000 after buying an additional 347 shares during the last quarter. 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 valued at $1,061,000 after buying an additional 79 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Campbell Soup by 13.9% in the fourth quarter. Victory Capital Management Inc. now owns 23,845 shares of the company’s stock valued at $1,253,000 after buying an additional 2,919 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of Campbell Soup by 6.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 24,726 shares of the company’s stock valued at $1,299,000 after buying an additional 1,416 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Campbell Soup by 8.5% in the fourth quarter. ProShare Advisors LLC now owns 26,330 shares of the company’s stock valued at $1,384,000 after buying an additional 2,068 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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