Campbell Soup (NASDAQ:CPB) Stock Rating Upgraded by BNP Paribas

BNP Paribas upgraded shares of Campbell Soup (NASDAQ:CPB) to a strong sell rating in a report issued on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on CPB. Citigroup reduced their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Stifel Nicolaus decreased their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, Barclays decreased their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.17.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $39.85 on Wednesday. The stock has a 50 day moving average price of $39.57 and a 200-day moving average price of $44.70. Campbell Soup has a one year low of $36.92 and a one year high of $52.81. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Equities analysts expect that Campbell Soup will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.91%. Campbell Soup’s payout ratio is 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.19% of the company’s stock.

Hedge Funds Weigh In On Campbell Soup

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in Campbell Soup by 1,593.8% in the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares in the last quarter. Two Sigma Advisers LP boosted its position in Campbell Soup by 272.7% during the fourth quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock worth $93,949,000 after purchasing an additional 1,641,400 shares in the last quarter. Man Group plc raised its stake in shares of Campbell Soup by 1,296.1% during the 4th quarter. Man Group plc now owns 1,407,161 shares of the company’s stock worth $58,932,000 after buying an additional 1,306,372 shares during the period. Invesco Ltd. lifted its position in shares of Campbell Soup by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock valued at $194,556,000 after buying an additional 1,282,957 shares in the last quarter. Finally, Norges Bank purchased a new stake in Campbell Soup in the 4th quarter worth $50,908,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Company Profile

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.