TD Cowen Initiates Coverage on Campbell Soup (NYSE:CPB)

Research analysts at TD Cowen started coverage on shares of Campbell Soup (NYSE:CPB) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “market perform” rating and a $45.00 price target on the stock. TD Cowen’s price objective would suggest a potential upside of 3.46% from the stock’s current price.

Several other research analysts have also commented on the company. TheStreet lowered Campbell Soup from a “b-” rating to a “c+” rating in a research report on Thursday, August 24th. StockNews.com assumed coverage on shares of Campbell Soup in a research report on Thursday, August 17th. They issued a “hold” rating for the company. The Goldman Sachs Group reduced their target price on Campbell Soup from $44.00 to $40.00 and set a “sell” rating for the company in a research note on Tuesday, August 22nd. Morgan Stanley reduced their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, September 1st. Finally, Barclays reduced their price objective on Campbell Soup from $49.00 to $45.00 and set an “underweight” rating for the company in a research note on Sunday, September 3rd. Four investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $47.21.

Campbell Soup Stock Up 1.8 %

NYSE CPB opened at $43.50 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.36 and a current ratio of 0.93. Campbell Soup has a one year low of $40.76 and a one year high of $57.78. The stock has a 50 day moving average price of $43.89 and a 200-day moving average price of $49.08. The company has a market capitalization of $12.97 billion, a P/E ratio of 15.21, a P/E/G ratio of 3.29 and a beta of 0.34.

Campbell Soup (NYSE:CPB) last posted 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 during the quarter, compared to the consensus estimate of $2.06 billion. Campbell Soup had a net margin of 9.17% and a return on equity of 25.14%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. As a group, equities analysts predict that Campbell Soup will post 3.07 EPS for the current fiscal year.

Institutional Trading of Campbell Soup

Several hedge funds have recently made changes to their positions in the stock. Strategy Asset Managers LLC lifted its position in Campbell Soup by 7.2% in the 2nd quarter. Strategy Asset Managers LLC now owns 12,988 shares of the company’s stock valued at $594,000 after purchasing an additional 869 shares during the last quarter. Alberta Investment Management Corp raised its holdings in shares of Campbell Soup by 4.9% in the 2nd quarter. Alberta Investment Management Corp now owns 245,651 shares of the company’s stock worth $11,229,000 after purchasing an additional 11,554 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Campbell Soup by 3.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 598,517 shares of the company’s stock worth $27,358,000 after purchasing an additional 20,386 shares in the last quarter. GTS Securities LLC acquired a new stake in shares of Campbell Soup during the second quarter worth $2,049,000. Finally, West Family Investments Inc. acquired a new stake in shares of Campbell Soup during the second quarter worth $294,000. Institutional investors own 50.73% of the company’s stock.

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.