Campbell Soup (NYSE:CPB) Downgraded to “Hold” at StockNews.com

Campbell Soup (NYSE:CPBGet Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their target price on Campbell Soup from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. BNP Paribas assumed coverage on Campbell Soup in a report on Tuesday. They set an “underperform” rating and a $48.00 price target on the stock. UBS Group raised their target price on Campbell Soup to $45.00 in a report on Monday, August 29th. Deutsche Bank Aktiengesellschaft raised their target price on Campbell Soup from $49.00 to $50.00 in a report on Monday, August 22nd. Finally, Piper Sandler decreased their target price on Campbell Soup from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, September 2nd. Three investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $47.90.

Campbell Soup Price Performance

Campbell Soup stock opened at $51.56 on Friday. The business has a 50-day simple moving average of $49.47 and a 200 day simple moving average of $48.87. Campbell Soup has a 52 week low of $39.85 and a 52 week high of $53.28. The company has a quick ratio of 0.25, a current ratio of 0.68 and a debt-to-equity ratio of 1.20. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 5.91 and a beta of 0.41.

Campbell Soup (NYSE:CPBGet Rating) last released its earnings results on Thursday, September 1st. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Campbell Soup had a return on equity of 25.81% and a net margin of 8.84%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $0.55 EPS. Campbell Soup’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts forecast that Campbell Soup will post 2.9 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Anthony Sanzio sold 3,600 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $47.35, for a total transaction of $170,460.00. Following the sale, the executive vice president now directly owns 14,445 shares of the company’s stock, valued at $683,970.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 21.05% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Captrust Financial Advisors raised its position in shares of Campbell Soup by 93.5% in the third quarter. Captrust Financial Advisors now owns 15,800 shares of the company’s stock worth $745,000 after acquiring an additional 7,635 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Campbell Soup by 4.5% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,217 shares of the company’s stock worth $340,000 after purchasing an additional 311 shares during the last quarter. Kentucky Retirement Systems raised its position in shares of Campbell Soup by 5.1% during the 3rd quarter. Kentucky Retirement Systems now owns 15,764 shares of the company’s stock worth $743,000 after purchasing an additional 761 shares during the last quarter. Ascent Group LLC acquired a new position in shares of Campbell Soup during the 3rd quarter worth about $307,000. Finally, Baird Financial Group Inc. raised its holdings in Campbell Soup by 3.9% in the 3rd quarter. Baird Financial Group Inc. now owns 38,175 shares of the company’s stock valued at $1,799,000 after acquiring an additional 1,424 shares during the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.

About Campbell Soup

(Get Rating)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in 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.

Featured Articles

Analyst Recommendations for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.