Deutsche Bank AG Initiates Coverage on Campbell Soup Company (CPB)
Deutsche Bank AG assumed coverage on shares of Campbell Soup Company (NYSE:CPB) in a report released on Wednesday. The firm set a “hold” rating and a $65.00 price target on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 3.92% from the stock’s current price.
Several other analysts have also issued reports on CPB. Royal Bank Of Canada increased their price objective on Campbell Soup Company from $60.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday. Zacks Investment Research lowered Campbell Soup Company from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus raised their target price on Campbell Soup Company from $56.00 to $62.00 and gave the company a “hold” rating in a report on Monday, January 23rd. RBC Capital Markets restated a “sector perform” rating and set a $63.00 target price (up from $60.00) on shares of Campbell Soup Company in a report on Wednesday. Finally, Credit Suisse Group set a $55.00 price target on Campbell Soup Company and gave the company an “underperform” rating in a research report on Wednesday, November 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $61.47.
Shares of Campbell Soup Company (NYSE:CPB) opened at 62.55 on Wednesday. The stock has a market cap of $19.21 billion, a P/E ratio of 29.39 and a beta of 0.46. The stock has a 50 day moving average price of $62.19 and a 200 day moving average price of $58.24. Campbell Soup Company has a 12 month low of $52.59 and a 12 month high of $67.89.
Campbell Soup Company (NYSE:CPB) last issued its earnings results on Tuesday, November 22nd. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.05. The business earned $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Campbell Soup Company had a return on equity of 58.62% and a net margin of 8.30%. Campbell Soup Company’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. Equities analysts anticipate that Campbell Soup Company will post $3.08 EPS for the current fiscal year.
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In other news, SVP Carlos Barroso sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $60.31, for a total transaction of $60,310.00. Following the completion of the transaction, the senior vice president now owns 33,760 shares of the company’s stock, valued at $2,036,065.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 37.30% of the company’s stock.
A number of large investors have recently bought and sold shares of CPB. Huntington National Bank boosted its position in shares of Campbell Soup Company by 2.5% in the second quarter. Huntington National Bank now owns 7,687 shares of the company’s stock worth $511,000 after buying an additional 184 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Campbell Soup Company by 1.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 41,974 shares of the company’s stock valued at $2,793,000 after buying an additional 400 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Campbell Soup Company by 3.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,299 shares of the company’s stock valued at $1,217,000 after buying an additional 581 shares in the last quarter. BB&T Corp raised its stake in shares of Campbell Soup Company by 180.6% in the second quarter. BB&T Corp now owns 111,613 shares of the company’s stock valued at $7,425,000 after buying an additional 71,837 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Campbell Soup Company by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 4,336,099 shares of the company’s stock valued at $288,480,000 after buying an additional 16,796 shares in the last quarter. Institutional investors and hedge funds own 42.81% of the company’s stock.
About Campbell Soup Company
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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