Trade Report: Today: Campbell Soup Co. (CPB) Price Target Increased to $60.00 by Analysts at RBC Capital Markets

Today: Campbell Soup Co. (CPB) Price Target Increased to $60.00 by Analysts at RBC Capital Markets

Campbell Soup Co. (NYSE:CPB) had its price target hoisted by stock analysts at RBC Capital Markets from $58.00 to $60.00 in a research note issued on Monday. The brokerage currently has a “sector perform” rating on the stock. RBC Capital Markets’ price objective would indicate a potential upside of 4.31% from the company’s current price.

Other equities research analysts have also issued research reports about the company. TheStreet raised Campbell Soup from a “hold” rating to a “buy” rating in a research note on Tuesday, November 22nd. Deutsche Bank AG dropped their price target on Campbell Soup from $63.00 to $61.00 and set a “hold” rating for the company in a research note on Friday, August 26th. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Wells Fargo & Co. set a $59.50 price target on Campbell Soup and gave the stock a “hold” rating in a research note on Sunday, September 4th. Finally, Argus lowered Campbell Soup from a “buy” rating to a “hold” rating and lifted their price target for the stock from $47.77 to $55.38 in a research note on Monday, September 19th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $59.77.

Campbell Soup (NYSE:CPB) traded down 0.14% during midday trading on Monday, reaching $57.44. The company had a trading volume of 243,067 shares. Campbell Soup has a one year low of $50.54 and a one year high of $67.89. The company has a 50-day moving average price of $54.20 and a 200-day moving average price of $59.33. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 31.73 and a beta of 0.40.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.05. The company earned $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Campbell Soup had a return on equity of 58.62% and a net margin of 8.30%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. On average, equities analysts expect that Campbell Soup will post $3.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Wednesday, January 11th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, January 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.43%. Campbell Soup’s dividend payout ratio (DPR) is 66.04%.

In other Campbell Soup news, VP William J. O’shea sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $57.74, for a total transaction of $750,620.00. Following the transaction, the vice president now owns 28,952 shares in the company, valued at approximately $1,671,688.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeff Dunn sold 8,459 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was 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 in the company, valued at approximately $6,342,466. The disclosure for this sale can be found here. Company insiders own 37.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CPB. Janus Capital Management LLC increased its stake in 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 during the last quarter. Laurion Capital Management LP increased its stake in 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 during the last quarter. Jefferies Group LLC increased its stake in 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 during the last quarter. BlackRock Fund Advisors increased its stake in 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 during the last quarter. Finally, Schroder Investment Management Group increased its stake in Campbell Soup by 97.8% in the third quarter. Schroder Investment Management Group now owns 2,124,993 shares of the company’s stock valued at $116,237,000 after buying an additional 1,050,882 shares during the last quarter. Hedge funds and other institutional investors own 42.26% of the company’s stock.

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