Today, Campbell Soup Co. (NYSE:CPB) Receives $58.96 Average Target Price from Analysts

Today, Campbell Soup Co. (NYSE:CPB) Receives $58.96 Average Target Price from Analysts

Shares of Campbell Soup Co. (NYSE:CPB) have received a consensus rating of “Hold” from the sixteen analysts that are currently covering the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $58.96.

A number of equities analysts recently weighed in on CPB shares. Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Tuesday, August 30th. Credit Suisse Group AG restated a “sell” rating and set a $60.00 target price on shares of Campbell Soup in a research report on Thursday, July 28th. Deutsche Bank AG dropped their target price on shares of Campbell Soup from $63.00 to $61.00 and set a “hold” rating for the company in a research report on Friday, August 26th. Credit Agricole SA dropped their target price on shares of Campbell Soup from $64.00 to $59.00 and set a “market perform” rating for the company in a research report on Monday, September 12th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $68.00 target price (up previously from $62.00) on shares of Campbell Soup in a research report on Friday, July 15th.

In other news, VP William J. O’shea sold 13,000 shares of the stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $57.74, for a total value of $750,620.00. Following the sale, the vice president now owns 28,952 shares of the company’s stock, valued at $1,671,688.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carlos Barroso sold 1,600 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $57.68, for a total transaction of $92,288.00. Following the completion of the sale, the insider now directly owns 46,888 shares in the company, valued at approximately $2,704,499.84. The disclosure for this sale can be found here. 37.70% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in CPB. Janus Capital Management LLC increased its stake in shares of Campbell Soup by 87.3% in the second quarter. Janus Capital Management LLC now owns 2,674,791 shares of the company’s stock valued at $177,954,000 after buying an additional 1,246,493 shares in the last quarter. Laurion Capital Management LP increased its stake in shares of Campbell Soup by 105.4% in the second quarter. Laurion Capital Management LP now owns 62,400 shares of the company’s stock valued at $4,151,000 after buying an additional 1,212,300 shares in the last quarter. Jefferies Group LLC increased its stake in shares of Campbell Soup by 104.8% in the second quarter. Jefferies Group LLC now owns 53,863 shares of the company’s stock valued at $3,584,000 after buying an additional 1,168,992 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Campbell Soup by 30.1% in the second quarter. BlackRock Fund Advisors now owns 4,693,665 shares of the company’s stock valued at $312,270,000 after buying an additional 1,087,074 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Campbell Soup by 94.6% in the second quarter. First Trust Advisors LP now owns 1,648,023 shares of the company’s stock valued at $109,643,000 after buying an additional 801,152 shares in the last quarter. 43.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Campbell Soup (NYSE:CPB) opened at 53.74 on Monday. The stock’s 50 day moving average is $57.12 and its 200 day moving average is $61.58. Campbell Soup has a 52 week low of $47.77 and a 52 week high of $67.89. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 29.69 and a beta of 0.37.

Campbell Soup (NYSE:CPB) last issued its earnings results on Thursday, September 1st. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. Campbell Soup had a return on equity of 59.50% and a net margin of 7.07%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company posted $0.43 EPS. Campbell Soup’s revenue was down .4% compared to the same quarter last year. On average, equities analysts forecast that Campbell Soup will post $3.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Wednesday, October 12th will be paid a $0.35 dividend. The ex-dividend date is Friday, October 7th. This represents a $1.40 annualized dividend and a dividend yield of 2.61%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.31. Campbell Soup’s dividend payout ratio is currently 69.44%.

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