Campbell Soup (NASDAQ:CPB) Price Target Lowered to $40.00 at Stifel Nicolaus

Campbell Soup (NASDAQ:CPB) had its target price cut by equities researchers at Stifel Nicolaus from $47.00 to $40.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 2.38% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. DA Davidson reissued a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. Wells Fargo & Company cut their price objective on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Stephens reissued an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and a consensus price target of $50.17.

Campbell Soup Stock Performance

NASDAQ:CPB traded up $0.48 on Friday, reaching $39.07. 496,281 shares of the company’s stock were exchanged, compared to its average volume of 2,550,012. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.64 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock has a fifty day simple moving average of $42.19 and a 200-day simple moving average of $46.13. Campbell Soup has a 52 week low of $37.61 and a 52 week high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 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%. As a group, sell-side analysts predict that Campbell Soup will post 3.15 earnings per share for the current year.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.19% of the stock is owned by insiders.

Institutional Trading of Campbell Soup

A number of institutional investors have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Campbell Soup by 8.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,202 shares of the company’s stock worth $427,000 after purchasing an additional 773 shares during the last quarter. Waldron Private Wealth LLC increased its stake in shares of Campbell Soup by 2.8% during the fourth quarter. Waldron Private Wealth LLC now owns 135,201 shares of the company’s stock valued at $5,662,000 after buying an additional 3,640 shares during the period. Smith Group Asset Management LLC bought a new position in shares of Campbell Soup during the fourth quarter valued at approximately $293,000. Blue Trust Inc. lifted its stake in Campbell Soup by 3.7% in the fourth quarter. Blue Trust Inc. now owns 37,854 shares of the company’s stock worth $1,585,000 after acquiring an additional 1,368 shares during the period. Finally, PFG Investments LLC boosted its holdings in Campbell Soup by 49.3% in the fourth quarter. PFG Investments LLC now owns 6,962 shares of the company’s stock valued at $292,000 after acquiring an additional 2,299 shares in the last quarter. 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.