Campbell Soup Company (NYSE:CPB) had its price target lowered by stock analysts at Morgan Stanley from $47.00 to $46.00 in a report released on Friday. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 0.02% from the stock’s current price.
A number of other research analysts have also weighed in on CPB. Credit Suisse Group reissued a “sell” rating and set a $43.00 price target (down previously from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st. Barclays PLC reissued a “sell” rating on shares of Campbell Soup in a research note on Tuesday, July 25th. Royal Bank Of Canada reduced their price target on Campbell Soup from $60.00 to $56.00 and set a “sector perform” rating on the stock in a research note on Friday, September 1st. Zacks Investment Research raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $55.00 price target (down previously from $60.00) on shares of Campbell Soup in a research note on Wednesday, June 28th. Seven investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.91.
Shares of Campbell Soup (CPB) traded up 0.09% during trading on Friday, reaching $46.03. The company had a trading volume of 360,281 shares. Campbell Soup has a 12 month low of $45.00 and a 12 month high of $64.23. The firm has a market capitalization of $13.83 billion, a P/E ratio of 15.93 and a beta of 0.36. The firm’s 50 day moving average price is $47.40 and its 200 day moving average price is $53.30.
Campbell Soup (NYSE:CPB) last announced its earnings results on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. Campbell Soup’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. Equities analysts predict that Campbell Soup will post $3.05 EPS for the current year.
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In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Luca Mignini acquired 4,300 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was bought at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the completion of the transaction, the insider now directly owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The disclosure for this purchase can be found here. Company insiders own 37.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Cleararc Capital Inc. grew its stake in shares of Campbell Soup by 0.3% during the first quarter. Cleararc Capital Inc. now owns 4,745 shares of the company’s stock valued at $272,000 after acquiring an additional 16 shares in the last quarter. Advisors Management Group Inc. ADV grew its stake in shares of Campbell Soup by 0.3% during the second quarter. Advisors Management Group Inc. ADV now owns 6,119 shares of the company’s stock valued at $319,000 after acquiring an additional 21 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Campbell Soup by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock valued at $240,000 after acquiring an additional 70 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Campbell Soup by 1.7% during the second quarter. MML Investors Services LLC now owns 6,517 shares of the company’s stock valued at $340,000 after acquiring an additional 112 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its stake in shares of Campbell Soup by 1.5% during the second quarter. Wesbanco Bank Inc. now owns 7,915 shares of the company’s stock valued at $413,000 after acquiring an additional 120 shares in the last quarter. 44.67% of the stock is currently owned by institutional investors.
About Campbell Soup
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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