Campbell Soup Co. (CPB) Stock Price Down 1.2%
Campbell Soup Co. (NYSE:CPB)’s share price traded down 1.2% on Tuesday . The company traded as low as $60.50 and last traded at $60.55, with a volume of 674,580 shares traded. The stock had previously closed at $61.31.
A number of equities analysts recently weighed in on the stock. Credit Suisse Group AG restated a “sell” rating and set a $60.00 price target on shares of Campbell Soup in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. restated a “neutral” rating and set a $68.00 price target (up from $62.00) on shares of Campbell Soup in a research report on Friday, July 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $62.00 price target on shares of Campbell Soup in a research report on Monday, May 23rd. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Campbell Soup currently has a consensus rating of “Hold” and an average target price of $58.74.
The firm has a 50 day moving average of $63.20 and a 200 day moving average of $62.63. The firm has a market cap of $18.66 billion and a PE ratio of 27.40.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Friday, May 20th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. During the same period in the previous year, the company posted $0.62 earnings per share. The business earned $1.87 billion during the quarter, compared to analyst estimates of $1.91 billion. Campbell Soup’s revenue was down 1.6% on a year-over-year basis. On average, analysts predict that Campbell Soup Co. will post $2.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 11th were paid a $0.312 dividend. The ex-dividend date was Thursday, July 7th. This represents a $1.25 dividend on an annualized basis and a yield of 2.06%.
Other large investors have modified their holdings of the company. KBC Group NV boosted its stake in shares of Campbell Soup by 127.3% in the fourth quarter. KBC Group NV now owns 237,596 shares of the company’s stock worth $12,485,000 after buying an additional 133,064 shares during the last quarter. Trexquant Investment LP boosted its stake in Campbell Soup by 21.9% in the fourth quarter. Trexquant Investment LP now owns 41,800 shares of the company’s stock valued at $2,197,000 after buying an additional 7,500 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Campbell Soup by 32.7% in the fourth quarter. Wells Fargo & Company MN now owns 324,728 shares of the company’s stock valued at $17,064,000 after buying an additional 80,028 shares in the last quarter. Victory Capital Management Inc. boosted its stake in 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 in the last quarter. Finally, Utah Retirement Systems boosted its stake in Campbell Soup by 0.3% in the fourth quarter. Utah Retirement Systems now owns 31,185 shares of the company’s stock valued at $1,639,000 after buying an additional 100 shares in 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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