Campbell Soup (NYSE:CPB) Receives Consensus Recommendation of “Reduce” from Analysts

Campbell Soup (NYSE:CPB) has been assigned a consensus recommendation of “Reduce” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $47.69.

A number of brokerages have recently commented on CPB. Evercore ISI lowered their price target on shares of Campbell Soup from $55.00 to $53.00 in a report on Thursday, June 8th. Jefferies Financial Group decreased their target price on shares of Campbell Soup from $49.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, August 22nd. Stifel Nicolaus decreased their target price on shares of Campbell Soup from $48.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Friday. Finally, The Goldman Sachs Group decreased their target price on shares of Campbell Soup from $44.00 to $40.00 and set a “sell” rating on the stock in a research report on Tuesday, August 22nd.

Campbell Soup Stock Performance

Shares of NYSE CPB opened at $40.89 on Friday. The company has a market cap of $12.19 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 3.15 and a beta of 0.34. Campbell Soup has a 12 month low of $40.76 and a 12 month high of $57.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.92 and a quick ratio of 0.36. The company has a 50-day simple moving average of $44.59 and a 200-day simple moving average of $49.70.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Thursday, August 31st. The company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.06 billion. Campbell Soup had a net margin of 8.46% and a return on equity of 26.31%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, equities analysts anticipate that Campbell Soup will post 3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its position in shares of Campbell Soup by 149.8% during 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 in the last quarter. Gradient Investments LLC increased its stake in shares of Campbell Soup by 77.7% in the first quarter. Gradient Investments LLC now owns 519 shares of the company’s stock worth $29,000 after buying an additional 227 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Campbell Soup by 183.0% in 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. Altshuler Shaham Ltd bought a new stake in shares of Campbell Soup in the first quarter worth $43,000. Finally, WealthPlan Investment Management LLC bought a new stake in shares of Campbell Soup in the first quarter worth $48,000. 50.73% of the stock is owned by institutional investors and hedge funds.

About Campbell Soup

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.