Campbell Soup (NYSE:CPB) PT Raised to $51.00

Campbell Soup (NYSE:CPB – Get Rating) had its target price lifted by Credit Suisse Group from $50.00 to $51.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s price objective indicates a potential downside of 2.88% from the stock’s current price.

Several other analysts have also weighed in on CPB. BNP Paribas started coverage on shares of Campbell Soup in a research note on Tuesday, November 15th. They set an “underperform” rating and a $48.00 target price for the company. StockNews.com lowered shares of Campbell Soup from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. JPMorgan Chase & Co. boosted their target price on shares of Campbell Soup from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday. Exane BNP Paribas started coverage on shares of Campbell Soup in a research note on Tuesday, November 15th. They set an “underperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Campbell Soup from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Thursday, December 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.33.

Campbell Soup Stock Up 0.3 %

Shares of NYSE:CPB opened at $52.51 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.31 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $52.84 and a 200 day simple moving average of $51.89. The firm has a market cap of $15.73 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 5.26 and a beta of 0.34. Campbell Soup has a 12-month low of $41.74 and a 12-month high of $57.78.

Campbell Soup (NYSE:CPB – Get Rating) last issued its quarterly earnings results on Wednesday, March 8th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.43 billion. Campbell Soup had a net margin of 8.86% and a return on equity of 26.97%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, equities research analysts anticipate that Campbell Soup will post 2.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Adam G. Ciongoli sold 37,354 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $56.86, for a total value of $2,123,948.44. Following the completion of the sale, the executive vice president now owns 99,385 shares of the company’s stock, valued at $5,651,031.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.05% of the company’s stock.

Institutional Investors Weigh In On Campbell Soup

Institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its position in Campbell Soup by 0.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 45,001 shares of the company’s stock worth $2,553,000 after acquiring an additional 213 shares in the last quarter. Voya Investment Management LLC raised its position in Campbell Soup by 3.6% in the fourth quarter. Voya Investment Management LLC now owns 74,017 shares of the company’s stock worth $4,200,000 after acquiring an additional 2,564 shares in the last quarter. Trust Investment Advisors bought a new stake in Campbell Soup in the fourth quarter worth about $232,000. Natixis raised its position in Campbell Soup by 169.3% in the fourth quarter. Natixis now owns 40,833 shares of the company’s stock worth $2,317,000 after acquiring an additional 25,672 shares in the last quarter. Finally, Cognios Beta Neutral Large Cap Fund LP bought a new stake in Campbell Soup in the fourth quarter worth about $1,116,000. Institutional investors and hedge funds own 50.39% of the company’s stock.

Campbell Soup Company Profile

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Campbell Soup Co engages in the business of manufacturing and marketing food and beverage products. It operates under the Meals and Beverages, and Snacks segments. The Meals and Beverages segment includes soup, meals, and beverage products in retail and foodservice. The Snacks segment offers cookies, crackers, bakery, and frozen products.