Campbell Soup (NYSE:CPB) Given Average Rating of “Hold” by Analysts

Shares of Campbell Soup (NYSE:CPBGet Rating) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $46.10.

CPB has been the topic of several analyst reports. Credit Suisse Group boosted their price objective on shares of Campbell Soup to $46.00 in a research note on Thursday, June 9th. UBS Group upped their price target on shares of Campbell Soup to $43.00 in a research report on Thursday, June 9th. Citigroup upped their price target on shares of Campbell Soup from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, June 9th. Stifel Nicolaus upped their price target on shares of Campbell Soup from $46.00 to $48.00 in a research report on Thursday, June 9th. Finally, StockNews.com raised shares of Campbell Soup from a “hold” rating to a “buy” rating in a research report on Saturday, May 14th.

Insider Buying and Selling at Campbell Soup

In related news, VP Stanley Polomski sold 10,335 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $48.20, for a total transaction of $498,147.00. Following the completion of the sale, the vice president now owns 28,176 shares in the company, valued at $1,358,083.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Craig Slavtcheff sold 13,110 shares of the company’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $47.00, for a total transaction of $616,170.00. Following the completion of the sale, the executive vice president now owns 32,242 shares in the company, valued at $1,515,374. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stanley Polomski sold 10,335 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $48.20, for a total value of $498,147.00. Following the sale, the vice president now owns 28,176 shares of the company’s stock, valued at approximately $1,358,083.20. The disclosure for this sale can be found here. Company insiders own 35.62% of the company’s stock.

Institutional Investors Weigh In On Campbell Soup

Institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its position in Campbell Soup by 149.8% in the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after purchasing an additional 358 shares during the last quarter. Core Wealth Advisors Inc. purchased a new position in Campbell Soup in the fourth quarter worth $29,000. ACG Wealth purchased a new position in Campbell Soup in the second quarter worth $36,000. M&R Capital Management Inc. purchased a new position in Campbell Soup in the first quarter worth $44,000. Finally, Benjamin Edwards Inc. boosted its position in Campbell Soup by 101.5% in the first quarter. Benjamin Edwards Inc. now owns 1,080 shares of the company’s stock worth $48,000 after purchasing an additional 544 shares during the last quarter. Institutional investors own 51.89% of the company’s stock.

Campbell Soup Stock Up 0.5 %

Shares of NYSE:CPB opened at $49.35 on Friday. The company has a fifty day moving average of $47.63 and a 200-day moving average of $46.13. The company has a market capitalization of $14.83 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 10.75 and a beta of 0.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.30 and a current ratio of 0.69. Campbell Soup has a 52-week low of $39.76 and a 52-week high of $51.94.

Campbell Soup (NYSE:CPBGet Rating) last issued its quarterly earnings data on Wednesday, June 8th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. Campbell Soup had a net margin of 11.23% and a return on equity of 26.07%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Campbell Soup’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts predict that Campbell Soup will post 2.83 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Thursday, July 7th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.00%. Campbell Soup’s dividend payout ratio is presently 47.28%.

Campbell Soup Company Profile

(Get Rating)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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