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

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

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

Several other analysts have also recently issued reports on CPB. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Deutsche Bank AG reduced their price target on shares of Campbell Soup from $63.00 to $61.00 and set a “hold” rating on the stock in a research report on Friday, August 26th. Royal Bank Of Canada reduced their price target on shares of Campbell Soup from $62.00 to $58.00 and set a “sector perform” rating on the stock in a research report on Friday, September 2nd. Citigroup Inc. reduced their price target on shares of Campbell Soup from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, September 2nd. Finally, Bank of America Corp. reissued a “neutral” rating on shares of Campbell Soup in a research report on Friday, September 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.77.

Campbell Soup (NYSE:CPB) traded down 0.40% during mid-day trading on Monday, reaching $57.29. 358,589 shares of the company’s stock traded hands. Campbell Soup has a 52 week low of $50.54 and a 52 week high of $67.89. The stock’s 50 day moving average is $54.20 and its 200-day moving average is $59.33. The stock has a market capitalization of $17.64 billion, a PE ratio of 31.65 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 for the quarter, topping 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 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 last year, the firm posted $0.95 earnings per share. On average, equities analysts anticipate that Campbell Soup will post $3.07 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th will be given 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 presently 66.04%.

In related news, VP William J. O’shea sold 13,000 shares of Campbell Soup 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 transaction, the vice president now directly owns 28,952 shares in the company, valued at approximately $1,671,688.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Carolan sold 2,400 shares of Campbell Soup stock in a transaction 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 owns 49,038 shares in the company, valued at $2,665,215.30. The disclosure for this sale can be found here. Insiders own 37.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Vicus Capital raised its position in Campbell Soup by 0.3% in the second quarter. Vicus Capital now owns 3,695 shares of the company’s stock worth $246,000 after buying an additional 12 shares during the period. First Midwest Bank Trust Division raised its position in Campbell Soup by 0.5% in the second quarter. First Midwest Bank Trust Division now owns 3,381 shares of the company’s stock worth $225,000 after buying an additional 16 shares during the period. Frontier Wealth Management LLC raised its position in Campbell Soup by 0.8% in the second quarter. Frontier Wealth Management LLC now owns 4,486 shares of the company’s stock worth $298,000 after buying an additional 36 shares during the period. Chicago Equity Partners LLC raised its position in Campbell Soup by 0.4% in the third quarter. Chicago Equity Partners LLC now owns 10,685 shares of the company’s stock worth $584,000 after buying an additional 40 shares during the period. Finally, Bank of Hawaii raised its position in Campbell Soup by 0.7% in the third quarter. Bank of Hawaii now owns 5,635 shares of the company’s stock worth $308,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 42.26% of the company’s stock.

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