Campbell Soup (NYSE:CPB) Price Target Cut to $45.00 by Analysts at Stifel Nicolaus

Campbell Soup (NYSE:CPB) had its price target trimmed by Stifel Nicolaus from $48.00 to $45.00 in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the stock. Barclays lowered their price target on shares of Campbell Soup from $50.00 to $49.00 and set an underweight rating on the stock in a report on Thursday, July 20th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Campbell Soup from $52.00 to $49.00 in a report on Tuesday, August 8th. Jefferies Financial Group lowered their price target on shares of Campbell Soup from $49.00 to $46.00 and set a hold rating on the stock in a report on Tuesday, August 22nd. StockNews.com assumed coverage on shares of Campbell Soup in a research report on Thursday, August 17th. They set a hold rating on the stock. Finally, Piper Sandler decreased their target price on shares of Campbell Soup from $52.00 to $50.00 in a research report on Monday, June 26th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $47.69.

Campbell Soup Stock Down 1.9 %

Shares of CPB stock opened at $40.89 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.36 and a current ratio of 0.92. The firm’s 50-day moving average is $44.59 and its 200-day moving average is $49.71. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 3.15 and a beta of 0.32. Campbell Soup has a 52-week low of $40.76 and a 52-week high of $57.78.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, August 31st. The company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Campbell Soup had a net margin of 8.46% and a return on equity of 26.31%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. Sell-side analysts predict that Campbell Soup will post 3 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in Campbell Soup by 77.7% in the first quarter. Gradient Investments LLC now owns 519 shares of the company’s stock valued at $29,000 after acquiring an additional 227 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Campbell Soup by 149.8% in the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock valued at $27,000 after acquiring an additional 358 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Campbell Soup during the first quarter worth $43,000. WealthPlan Investment Management LLC bought a new stake in shares of Campbell Soup during the first quarter worth $48,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Campbell Soup by 183.0% during the second quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the company’s stock worth $41,000 after buying an additional 582 shares during the last quarter. 50.73% of the stock is owned by institutional investors.

Campbell Soup Company Profile

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.