Trade Report: Today, Campbell Soup Co. (CPB) PT Set at $55.00 by Credit Suisse Group AG

Today, Campbell Soup Co. (CPB) PT Set at $55.00 by Credit Suisse Group AG

Credit Suisse Group AG set a $55.00 price objective on Campbell Soup Co. (NYSE:CPB) in a research report sent to investors on Wednesday. The firm currently has an underperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Deutsche Bank AG decreased 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 upgraded 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. TheStreet cut Campbell Soup from a buy rating to a hold rating in a research note on Thursday, September 1st. Finally, Argus cut Campbell Soup from a buy rating to a hold rating and boosted 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 given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $59.77.

Campbell Soup (NYSE:CPB) opened at 57.37 on Wednesday. Campbell Soup has a 52 week low of $50.54 and a 52 week high of $67.89. The firm has a 50-day moving average price of $54.30 and a 200 day moving average price of $59.17. The company has a market cap of $17.66 billion, a P/E ratio of 31.70 and a beta of 0.40.

Campbell Soup (NYSE:CPB) last posted its quarterly 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. Campbell Soup had a return on equity of 58.62% and a net margin of 8.30%. The firm earned $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue was up .0% on a year-over-year basis. Analysts expect that Campbell Soup will post $3.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Wednesday, January 11th will be paid 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 (DPR) is 66.04%.

In other news, VP William J. O’shea sold 13,000 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $57.74, for a total value of $750,620.00. Following the completion of the transaction, the vice president now owns 28,952 shares of the company’s stock, valued at $1,671,688.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeff Dunn sold 8,459 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $56.24, for a total value of $475,734.16. Following the completion of the transaction, the insider now directly owns 112,775 shares of the company’s stock, valued at approximately $6,342,466. The disclosure for this sale can be found here. 37.30% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in shares of Campbell Soup by 38.6% in the second quarter. Van ECK Associates Corp now owns 1,740 shares of the company’s stock worth $116,000 after buying an additional 485 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of Campbell Soup by 9.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,798 shares of the company’s stock worth $120,000 after buying an additional 161 shares during the last quarter. City Holding Co. raised its position in shares of Campbell Soup by 86.3% in the third quarter. City Holding Co. now owns 2,590 shares of the company’s stock worth $142,000 after buying an additional 1,200 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Campbell Soup by 1,708.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,803 shares of the company’s stock worth $153,000 after buying an additional 2,648 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its position in shares of Campbell Soup by 69.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,388 shares of the company’s stock worth $159,000 after buying an additional 981 shares during the last quarter. 42.26% of the stock is owned by institutional investors.

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