Campbell Soup (NYSE:CPB) Stock Rating Lowered by 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.

CPB has been the subject of a number of other research reports. Royal Bank of Canada reiterated a sector perform rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Friday, June 7th. Sanford C. Bernstein raised Campbell Soup from an underperform rating to a market perform rating and lifted their price target for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Citigroup boosted their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. raised shares of Campbell Soup from a neutral rating to an overweight rating and increased their price target for the company from $45.00 to $52.00 in a report on Wednesday, June 26th. Finally, Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an equal weight rating in a report on Friday, June 7th. Three equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $47.08.

Campbell Soup Stock Performance

Shares of 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 stock has a market capitalization of $15.17 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.90 and a beta of 0.16. The firm’s 50 day moving average is $46.94 and its 200-day 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 earnings results on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Campbell Soup’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Campbell Soup will post 3.08 EPS for the current fiscal year.

Institutional Trading of Campbell Soup

Institutional investors and hedge funds have recently modified their holdings of the stock. Blair William & Co. IL grew its holdings in Campbell Soup by 0.5% during the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after purchasing an additional 218 shares during the period. Empirical Finance LLC grew its holdings in shares of Campbell Soup by 3.6% in the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock valued at $307,000 after buying an additional 239 shares during the period. North Star Investment Management Corp. increased its position in shares of Campbell Soup by 2.1% in the 1st quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after buying an additional 260 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Campbell Soup by 4.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock worth $303,000 after buying an additional 286 shares during the period. Finally, Essex Financial Services Inc. lifted its holdings in Campbell Soup by 5.5% during the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock worth $249,000 after acquiring an additional 292 shares in the last quarter. 52.35% of the stock is owned by institutional investors.

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.