Campbell Soup Co. (NYSE:CPB) had its price target raised by equities research analysts at Royal Bank Of Canada from $58.00 to $60.00 in a research report issued on Monday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 4.31% from the company’s previous close.
Several other research analysts have also recently commented on CPB. TheStreet cut shares of Campbell Soup from a “buy” rating to a “hold” rating in a report on Thursday, September 1st. Wells Fargo & Co. set a $59.50 target price on shares of Campbell Soup and gave the stock a “hold” rating in a report on Sunday, September 4th. Citigroup Inc. decreased their target price on shares of Campbell Soup from $67.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, September 2nd. RBC Capital Markets reiterated a “sector perform” rating and issued a $58.00 target price (down from $62.00) on shares of Campbell Soup in a report on Sunday, September 4th. Finally, Zacks Investment Research upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Monday, September 19th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.63.
Campbell Soup (NYSE:CPB) opened at 57.52 on Monday. Campbell Soup has a 12 month low of $50.54 and a 12 month high of $67.89. The company’s 50-day moving average is $54.20 and its 200 day moving average is $59.33. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 31.78 and a beta of 0.40.
Campbell Soup (NYSE:CPB) last announced its earnings results on Tuesday, November 22nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.05. The firm earned $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Campbell Soup had a net margin of 8.30% and a return on equity of 58.62%. Campbell Soup’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. On average, equities research analysts predict that Campbell Soup will post $3.07 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, January 9th. Campbell Soup’s dividend payout ratio is 66.04%.
In other news, insider Jeff Dunn sold 8,459 shares of Campbell Soup stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $56.24, for a total value of $475,734.16. Following the transaction, the insider now owns 112,775 shares of the company’s stock, valued at $6,342,466. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward Carolan sold 2,400 shares of Campbell Soup stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $54.35, for a total transaction of $130,440.00. Following the completion of the transaction, the insider now directly owns 49,038 shares in the company, valued at approximately $2,665,215.30. The disclosure for this sale can be found here. 37.30% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in Campbell Soup by 17.8% in the second quarter. Creative Planning now owns 15,059 shares of the company’s stock worth $1,002,000 after buying an additional 2,276 shares in the last quarter. BKD Wealth Advisors LLC bought a new stake in shares of Campbell Soup during the second quarter valued at about $230,000. GW&K Investment Management LLC increased its stake in shares of Campbell Soup by 3.7% in the second quarter. GW&K Investment Management LLC now owns 18,355 shares of the company’s stock valued at $1,221,000 after buying an additional 656 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Campbell Soup by 3.0% in the second quarter. Gulf International Bank UK Ltd now owns 57,918 shares of the company’s stock valued at $3,853,000 after buying an additional 1,700 shares during the last quarter. Finally, Trust Co increased its stake in shares of Campbell Soup by 3.7% in the first quarter. Trust Co now owns 4,990 shares of the company’s stock valued at $318,000 after buying an additional 180 shares during the last quarter. 42.26% of the stock is currently owned by institutional investors.
Campbell Soup Company Profile