Campbell Soup (NYSE:CPB) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Several other equities analysts also recently commented on the stock. UBS Group set a $33.00 target price on shares of Campbell Soup and gave the stock a “sell” rating in a report on Friday, November 16th. Wells Fargo & Co reissued a “hold” rating on shares of Campbell Soup in a report on Friday, October 5th. Credit Suisse Group lowered their target price on shares of Campbell Soup from $36.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, September 28th. Piper Jaffray Companies set a $35.00 target price on shares of Campbell Soup and gave the stock an “underweight” rating in a report on Friday, September 14th. Finally, Zacks Investment Research downgraded shares of Campbell Soup from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 5th. Eleven equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Campbell Soup currently has an average rating of “Hold” and a consensus price target of $39.73.

CPB stock opened at $40.55 on Wednesday. Campbell Soup has a one year low of $32.63 and a one year high of $51.07. The company has a current ratio of 0.64, a quick ratio of 0.31 and a debt-to-equity ratio of 5.83. The firm has a market capitalization of $11.62 billion, a PE ratio of 14.13, a P/E/G ratio of 2.72 and a beta of 0.13.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 20th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.71 by $0.08. Campbell Soup had a net margin of 3.01% and a return on equity of 53.88%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. On average, equities research analysts predict that Campbell Soup will post 2.41 EPS for the current year.

In other Campbell Soup news, insider Luca Mignini purchased 5,494 shares of the firm’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were bought at an average price of $36.41 per share, with a total value of $200,036.54. Following the completion of the purchase, the insider now directly owns 112,990 shares in the company, valued at $4,113,965.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 37.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Campbell Soup by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 80,449 shares of the company’s stock valued at $3,267,000 after acquiring an additional 1,254 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of Campbell Soup in the second quarter valued at $328,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Campbell Soup in the second quarter valued at $175,000. Standard Life Aberdeen plc raised its stake in shares of Campbell Soup by 0.9% in the second quarter. Standard Life Aberdeen plc now owns 308,175 shares of the company’s stock valued at $12,498,000 after acquiring an additional 2,697 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Campbell Soup by 1.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 619,214 shares of the company’s stock valued at $25,103,000 after acquiring an additional 7,583 shares during the period. 55.65% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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