Campbell Soup Company (CPB) Price Target Cut to $55.00 by Analysts at Royal Bank Of Canada
Campbell Soup Company (NYSE:CPB) had its price objective cut by Royal Bank Of Canada from $56.00 to $55.00 in a report released on Monday morning, MarketBeat.com reports. They currently have a sector perform rating on the stock.
Other equities analysts have also recently issued research reports about the company. Piper Jaffray Companies reaffirmed a neutral rating and issued a $50.00 price target (down previously from $56.00) on shares of Campbell Soup in a report on Monday, September 11th. UBS Group AG reduced their price target on Campbell Soup from $46.00 to $42.00 and set a sell rating for the company in a report on Thursday, November 9th. Morgan Stanley reduced their price target on Campbell Soup from $47.00 to $46.00 and set an underweight rating for the company in a report on Friday, October 13th. Zacks Investment Research cut Campbell Soup from a hold rating to a sell rating in a report on Monday, September 4th. Finally, Goldman Sachs Group, Inc. (The) reduced their price target on Campbell Soup from $49.00 to $45.00 and set a hold rating for the company in a report on Sunday, September 3rd. Seven research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $50.18.
Campbell Soup (NYSE:CPB) opened at $46.77 on Monday. The stock has a market capitalization of $14,055.72, a PE ratio of 15.91, a PEG ratio of 3.54 and a beta of 0.38. The company has a quick ratio of 0.42, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. Campbell Soup has a fifty-two week low of $44.99 and a fifty-two week high of $64.23.
Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.05). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.17 billion. Campbell Soup had a net margin of 11.08% and a return on equity of 56.88%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. sell-side analysts expect that Campbell Soup will post 2.97 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.99%. Campbell Soup’s payout ratio is 48.95%.
In other Campbell Soup news, insider Luca Mignini purchased 4,300 shares of Campbell Soup stock in a transaction that occurred on Wednesday, September 27th. The stock was bought at an average price of $46.47 per share, with a total value of $199,821.00. Following the acquisition, the insider now owns 88,178 shares of the company’s stock, valued at approximately $4,097,631.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles R. Perrin sold 2,304 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. Corporate insiders own 37.20% of the company’s stock.
A number of large investors have recently bought and sold shares of CPB. Bessemer Group Inc. increased its stake in Campbell Soup by 80,239.5% during the 3rd quarter. Bessemer Group Inc. now owns 3,445,763 shares of the company’s stock worth $161,331,000 after buying an additional 3,441,474 shares in the last quarter. Renaissance Technologies LLC increased its stake in Campbell Soup by 585.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,494,700 shares of the company’s stock worth $130,099,000 after buying an additional 2,130,700 shares in the last quarter. APG Asset Management N.V. increased its stake in Campbell Soup by 50.7% during the 3rd quarter. APG Asset Management N.V. now owns 3,545,569 shares of the company’s stock worth $166,004,000 after buying an additional 1,192,900 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Campbell Soup by 16.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,493,192 shares of the company’s stock worth $304,011,000 after buying an additional 897,314 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Campbell Soup by 116.3% during the 3rd quarter. American Century Companies Inc. now owns 1,357,438 shares of the company’s stock worth $63,555,000 after buying an additional 729,762 shares in the last quarter. Institutional investors own 47.08% 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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