Campbell Soup Company (CPB) PT Lowered to $42.00 at UBS AG
Campbell Soup Company (NYSE:CPB) had its target price reduced by UBS AG from $46.00 to $42.00 in a report released on Thursday morning, www.benzinga.com reports. UBS AG currently has a sell rating on the stock.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Campbell Soup from a sell rating to a hold rating in a report on Tuesday, August 29th. Credit Suisse Group reiterated a sell rating and set a $43.00 price objective (down from $47.00) on shares of Campbell Soup in a report on Friday, September 1st. Morgan Stanley reiterated an underweight rating and set a $47.00 price objective (down from $52.00) on shares of Campbell Soup in a report on Friday, September 1st. Royal Bank Of Canada cut shares of Campbell Soup from an underperform rating to a market perform rating in a report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Campbell Soup from $49.00 to $45.00 and set a hold rating for the company in a report on Sunday, September 3rd. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $50.55.
Shares of Campbell Soup (CPB) traded up $1.78 during midday trading on Thursday, hitting $47.42. 2,385,000 shares of the stock were exchanged, compared to its average volume of 2,458,086. The firm has a market capitalization of $14,251.08, a PE ratio of 15.70, a P/E/G ratio of 3.48 and a beta of 0.38. Campbell Soup has a 52-week low of $44.99 and a 52-week high of $64.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.79 and a quick ratio of 0.42.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. research analysts forecast that Campbell Soup will post 3.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Friday, October 13th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, October 12th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.44%.
In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $46.46, for a total value of $107,043.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Luca Mignini bought 4,300 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was bought at an average price of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the purchase, the insider now owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The disclosure for this purchase can be found here. 37.20% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its stake in Campbell Soup by 6.2% in the third quarter. Wells Fargo & Company MN now owns 313,645 shares of the company’s stock valued at $14,684,000 after acquiring an additional 18,216 shares during the last quarter. Cadence Capital Management LLC boosted its stake in Campbell Soup by 28.1% in the third quarter. Cadence Capital Management LLC now owns 41,520 shares of the company’s stock valued at $1,944,000 after acquiring an additional 9,105 shares during the last quarter. Destination Wealth Management raised its position in shares of Campbell Soup by 12.0% in the third quarter. Destination Wealth Management now owns 43,576 shares of the company’s stock valued at $2,040,000 after purchasing an additional 4,685 shares during the period. Schroder Investment Management Group raised its position in shares of Campbell Soup by 14.9% in the third quarter. Schroder Investment Management Group now owns 3,560,628 shares of the company’s stock valued at $167,527,000 after purchasing an additional 463,010 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Campbell Soup by 10.7% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,774 shares of the company’s stock valued at $739,000 after purchasing an additional 1,528 shares during the period. Hedge funds and other institutional investors own 45.18% 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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