Campbell Soup (NYSE:CPB) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Campbell Soup (NYSE:CPB) from a hold rating to a sell rating in a report published on Wednesday.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company boosted their target price on Campbell Soup from $45.00 to $47.00 and gave the stock an equal weight rating in a research report on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of Campbell Soup from a neutral rating to an overweight rating and raised their target price for the stock from $45.00 to $52.00 in a report on Wednesday, June 26th. Royal Bank of Canada restated a sector perform rating and set a $47.00 price target on shares of Campbell Soup in a report on Friday, June 7th. Sanford C. Bernstein upgraded shares of Campbell Soup from an underperform rating to a market perform rating and lifted their price objective for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Finally, DA Davidson increased their target price on Campbell Soup from $47.00 to $49.00 and gave the company a buy rating in a report on Monday, June 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Campbell Soup presently has a consensus rating of Hold and an average price target of $47.08.

Campbell Soup Price Performance

NYSE CPB opened at $50.80 on Wednesday. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $50.99. The firm has a market capitalization of $15.17 billion, a PE ratio of 20.57, a P/E/G ratio of 2.90 and a beta of 0.16. The company’s 50 day simple moving average is $46.94 and its 200 day simple moving average is $44.89. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts forecast that Campbell Soup will post 3.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Campbell Soup

Institutional investors have recently made changes to their positions in the company. M&G Plc bought a new position in Campbell Soup during the second quarter valued at approximately $469,000. Lingohr Asset Management GmbH acquired a new stake in shares of Campbell Soup in the 4th quarter valued at $627,000. First Trust Advisors LP boosted its holdings in Campbell Soup by 6.5% in the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock worth $28,592,000 after purchasing an additional 40,504 shares in the last quarter. Stephens Inc. AR bought a new position in Campbell Soup during the fourth quarter valued at about $1,211,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Campbell Soup during the fourth quarter valued at about $1,045,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.