Campbell Soup Co. (CPB) Given New $60.00 Price Target at Royal Bank Of Canada
Campbell Soup Co. (NYSE:CPB) had its target price raised by Royal Bank Of Canada from $58.00 to $60.00 in a research note released on Monday. The brokerage currently has a sector perform rating on the stock.
Other analysts have also issued reports about the company. TheStreet upgraded Campbell Soup from a hold rating to a buy rating in a report on Tuesday, November 22nd. Deutsche Bank AG reduced their price objective on Campbell Soup from $63.00 to $61.00 and set a hold rating on the stock in a research note on Friday, August 26th. Zacks Investment Research raised Campbell Soup from a sell rating to a hold rating in a research note on Wednesday, August 24th. Wells Fargo & Co. set a $59.50 price objective on Campbell Soup and gave the company a hold rating in a research note on Sunday, September 4th. Finally, Argus lowered Campbell Soup from a buy rating to a hold rating and lifted their price objective for the company from $47.77 to $55.38 in a research note on Monday, September 19th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $59.77.
Campbell Soup (NYSE:CPB) opened at 57.37 on Monday. The firm has a market capitalization of $17.66 billion, a P/E ratio of 31.70 and a beta of 0.40. Campbell Soup has a one year low of $50.54 and a one year high of $67.89. The company has a 50-day moving average price of $54.30 and a 200-day moving average price of $59.17.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.05. Campbell Soup had a return on equity of 58.62% and a net margin of 8.30%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company earned $0.95 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that Campbell Soup will post $3.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.43%. Campbell Soup’s dividend payout ratio (DPR) is 66.04%.
In other news, VP William J. O’shea sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $57.74, for a total value of $750,620.00. Following the completion of the sale, the vice president now directly owns 28,952 shares in the company, valued at approximately $1,671,688.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carlos Barroso sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $57.68, for a total value of $92,288.00. Following the completion of the sale, the insider now owns 46,888 shares of the company’s stock, valued at $2,704,499.84. The disclosure for this sale can be found here. 37.30% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the stock. Creative Planning increased its stake in shares of Campbell Soup by 17.8% in the second quarter. Creative Planning now owns 15,059 shares of the company’s stock worth $1,002,000 after buying an additional 2,276 shares during the period. BKD Wealth Advisors LLC purchased a new stake in shares of Campbell Soup during the second quarter worth $230,000. GW&K Investment Management LLC increased its stake in shares of Campbell Soup by 3.7% in the second quarter. GW&K Investment Management LLC now owns 18,355 shares of the company’s stock worth $1,221,000 after buying an additional 656 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Campbell Soup by 3.0% in the second quarter. Gulf International Bank UK Ltd now owns 57,918 shares of the company’s stock worth $3,853,000 after buying an additional 1,700 shares during the period. Finally, Trust Co increased its stake in shares of Campbell Soup by 3.7% in the first quarter. Trust Co now owns 4,990 shares of the company’s stock worth $318,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 42.26% of the company’s stock.
Campbell Soup Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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