Campbell Soup Company (NYSE:CPB)‘s stock had its “sell” rating reiterated by Barclays PLC in a report released on Tuesday.

A number of other brokerages have also commented on CPB. Credit Suisse Group reaffirmed a “sell” rating on shares of Campbell Soup in a research report on Wednesday, May 24th. Zacks Investment Research lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub lowered shares of Campbell Soup from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Morgan Stanley reduced their target price on shares of Campbell Soup from $55.00 to $52.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research report on Wednesday, June 28th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $57.24.

Campbell Soup (NYSE:CPB) opened at 52.01 on Tuesday. The stock has a market cap of $15.76 billion, a P/E ratio of 32.83 and a beta of 0.34. Campbell Soup has a one year low of $50.62 and a one year high of $64.23. The company’s 50-day moving average price is $53.67 and its 200-day moving average price is $57.74.

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

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A number of large investors have recently made changes to their positions in CPB. Berkshire Asset Management LLC PA increased its stake in shares of Campbell Soup by 73.0% in the second quarter. Berkshire Asset Management LLC PA now owns 8,286 shares of the company’s stock valued at $432,000 after buying an additional 3,496 shares during the period. PGGM Investments increased its stake in shares of Campbell Soup by 334.4% in the second quarter. PGGM Investments now owns 664,094 shares of the company’s stock valued at $34,633,000 after buying an additional 511,228 shares during the period. Huntington National Bank increased its stake in shares of Campbell Soup by 39.0% in the second quarter. Huntington National Bank now owns 9,992 shares of the company’s stock valued at $521,000 after buying an additional 2,805 shares during the period. APG Asset Management N.V. increased its stake in shares of Campbell Soup by 2.3% in the second quarter. APG Asset Management N.V. now owns 2,352,669 shares of the company’s stock valued at $122,692,000 after buying an additional 52,600 shares during the period. Finally, Patriot Wealth Management Inc. increased its stake in shares of Campbell Soup by 3.3% in the second quarter. Patriot Wealth Management Inc. now owns 120,301 shares of the company’s stock valued at $6,274,000 after buying an additional 3,816 shares during the period. Institutional investors own 43.97% of the company’s stock.

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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