Campbell Soup (NASDAQ:CPB) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Campbell Soup (NASDAQ:CPB) from a market perform rating to an outperform rating in a report released on Monday morning, Marketbeat.com reports. They currently have $58.00 price objective on the stock, up from their previous price objective of $55.00.

Several other research firms have also recently commented on CPB. TD Cowen boosted their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a hold rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. upped their target price on Campbell Soup from $55.00 to $57.00 and gave the company an overweight rating in a report on Wednesday, September 11th. DA Davidson lowered Campbell Soup from a buy rating to a neutral rating and set a $51.00 target price for the company. in a report on Friday, September 27th. Stifel Nicolaus reiterated a hold rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded Campbell Soup from a sell rating to a hold rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $50.77.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $47.84 on Monday. The business’s fifty day moving average price is $49.67 and its 200 day moving average price is $46.59. The stock has a market capitalization of $14.28 billion, a P/E ratio of 19.37, a PEG ratio of 3.02 and a beta of 0.18. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, research analysts anticipate that Campbell Soup will post 3.18 earnings per share for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Institutional Trading of Campbell Soup

Large investors have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in Campbell Soup during the 1st quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Campbell Soup during the 2nd quarter valued at $32,000. Larson Financial Group LLC increased its stake in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after acquiring an additional 865 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup in the second quarter worth $44,000. Finally, Rothschild Investment LLC acquired a new position in shares of Campbell Soup in the second quarter worth $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

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.