Campbell Soup (NYSE:CPB) Receives Average Recommendation of “Hold” from Analysts

Shares of Campbell Soup (NYSE:CPB) have been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $47.08.

Several equities analysts have weighed in on CPB shares. TD Cowen lifted their target price on Campbell Soup from $46.00 to $47.00 and gave the company a “hold” rating in a research note on Wednesday. DA Davidson increased their target price on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. 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 Campbell Soup from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Finally, StockNews.com downgraded Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday.

Campbell Soup Stock Up 0.0 %

CPB stock opened at $50.60 on Friday. The company’s 50 day simple moving average is $46.81 and its 200-day simple moving average is $44.84. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $50.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24. The firm has a market capitalization of $15.11 billion, a P/E ratio of 20.49, a P/E/G ratio of 2.90 and a beta of 0.16.

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

Hedge Funds Weigh In On Campbell Soup

A number of institutional investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Campbell Soup by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after buying an additional 161,392 shares during the period. Bank of New York Mellon Corp grew its position in shares of Campbell Soup by 21.2% in the first quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock valued at $147,375,000 after purchasing an additional 580,411 shares during the last quarter. Norges Bank bought a new position in shares of Campbell Soup in the fourth quarter worth about $125,689,000. Dimensional Fund Advisors LP lifted its position in shares of Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after purchasing an additional 363,736 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after purchasing an additional 2,390,700 shares during the period. Institutional investors own 52.35% of the company’s stock.

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.