Shares of Campbell Soup Company (NYSE:CPB) have been assigned a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $56.49.

Several analysts have commented on CPB shares. Credit Suisse Group reissued a “sell” rating on shares of Campbell Soup in a research report on Wednesday, May 24th. Zacks Investment Research downgraded shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub downgraded shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Morgan Stanley decreased their target price on shares of Campbell Soup from $55.00 to $52.00 and set an “underweight” rating for the company in a research report on Tuesday, July 18th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th.

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Campbell Soup by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock valued at $142,000 after buying an additional 55 shares in the last quarter. Johnson Financial Group Inc. increased its stake in Campbell Soup by 19.2% in the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock valued at $145,000 after buying an additional 408 shares in the last quarter. Van ECK Associates Corp increased its stake in Campbell Soup by 7.0% in the first quarter. Van ECK Associates Corp now owns 3,122 shares of the company’s stock valued at $179,000 after buying an additional 204 shares in the last quarter. Whittier Trust Co. increased its stake in Campbell Soup by 2.8% in the first quarter. Whittier Trust Co. now owns 3,469 shares of the company’s stock valued at $198,000 after buying an additional 94 shares in the last quarter. Finally, Vicus Capital increased its stake in Campbell Soup by 6.1% in the first quarter. Vicus Capital now owns 3,686 shares of the company’s stock valued at $211,000 after buying an additional 213 shares in the last quarter. 43.97% of the stock is owned by institutional investors and hedge funds.

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Campbell Soup (NYSE:CPB) opened at 52.00 on Monday. Campbell Soup has a one year low of $50.62 and a one year high of $64.23. The firm has a 50 day moving average of $54.01 and a 200-day moving average of $57.89. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 32.83 and a beta of 0.34.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.87 billion. Campbell Soup had a net margin of 6.17% and a return on equity of 59.83%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. Equities research analysts forecast that Campbell Soup will post $3.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 13th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, July 11th. Campbell Soup’s dividend payout ratio is currently 88.05%.

Campbell Soup Company Profile

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

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