Campbell Soup Co. (NYSE:CPB) shares fell 1.2% on Tuesday . The stock 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.

Several research firms have recently weighed in on CPB. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 price target on shares of Campbell Soup in a report on Monday, May 23rd. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $68.00 price target (up previously from $62.00) on shares of Campbell Soup in a report on Friday, July 15th. Finally, Credit Suisse Group AG reaffirmed a “sell” rating and issued a $60.00 price target on shares of Campbell Soup in a report on Thursday, July 28th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $58.74.

The stock has a market capitalization of $18.72 billion and a P/E ratio of 27.491. The firm has a 50 day moving average price of $63.03 and a 200-day moving average price of $62.62.

The company also recently announced a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 11th were paid a dividend of $0.312 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, July 7th.

Several hedge funds and institutional investors have recently added to or reduced their stakes in CPB. Utah Retirement Systems boosted its position in Campbell Soup by 0.3% in the fourth quarter. Utah Retirement Systems now owns 31,185 shares of the company’s stock worth $1,639,000 after buying an additional 100 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Campbell Soup by 66.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 119,262 shares of the company’s stock valued at $6,267,000 after buying an additional 47,691 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. Principal Financial Group Inc. boosted its stake in shares of Campbell Soup by 25.3% in the fourth quarter. Principal Financial Group Inc. now owns 334,040 shares of the company’s stock valued at $17,554,000 after buying an additional 67,430 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of 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 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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