Consumer Edge Reaffirms Equal Weight Rating for Campbell Soup (NASDAQ:CPB)

Consumer Edge restated their equal weight rating on shares of Campbell Soup (NASDAQ:CPB) in a research note released on Monday morning, Marketbeat Ratings reports.

A number of other analysts have also recently commented on the stock. Bank of America cut their price target on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday, March 6th. Citigroup dropped their price objective on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered shares of Campbell Soup from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $48.00 to $37.00 in a report on Thursday, March 6th. Jefferies Financial Group lowered their target price on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Finally, Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.23.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $38.50 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell Soup has a twelve month low of $36.92 and a twelve month high of $52.81. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.71 and a beta of 0.15. The company’s fifty day moving average is $39.11 and its 200 day moving average is $43.69.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts forecast that Campbell Soup will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Thursday, April 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 annualized dividend and a yield of 4.05%. Campbell Soup’s dividend payout ratio (DPR) is 90.17%.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. This represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sherman Asset Management Inc. bought a new position in shares of Campbell Soup during the 4th quarter valued at approximately $36,000. Principal Securities Inc. grew its position in shares of Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares during the period. Kentucky Trust Co bought a new position in shares of Campbell Soup during the 4th quarter valued at approximately $42,000. Quent Capital LLC grew its position in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 481 shares during the period. Finally, Stonebridge Financial Group LLC bought a new position in Campbell Soup in the 4th quarter worth approximately $47,000. 52.35% of the stock is owned by institutional investors.

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.