Campbell Soup Company (CPB) Receives Consensus Recommendation of “Hold” from Analysts
Campbell Soup Company (NYSE:CPB) has been assigned an average recommendation of “Hold” from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $56.49.
CPB has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $60.00 target price on shares of Campbell Soup and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $58.00 target price (down from $62.50) on shares of Campbell Soup in a research note on Tuesday, May 23rd. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $55.00 target price (down from $60.00) on shares of Campbell Soup in a research note on Wednesday, June 28th. Piper Jaffray Companies initiated coverage on shares of Campbell Soup in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, Barclays PLC reaffirmed a “sell” rating on shares of Campbell Soup in a research note on Tuesday, July 25th.
Shares of Campbell Soup (CPB) opened at 53.96 on Friday. The company’s 50-day moving average price is $52.48 and its 200-day moving average price is $56.71. Campbell Soup has a 52-week low of $50.62 and a 52-week high of $64.23. The firm has a market cap of $16.35 billion, a PE ratio of 34.07 and a beta of 0.34.
Campbell Soup (NYSE:CPB) last announced its earnings results on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ 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 return on equity of 59.83% and a net margin of 6.17%. Campbell Soup’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Equities analysts expect that Campbell Soup will post $3.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 13th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, July 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.59%. Campbell Soup’s dividend payout ratio is 88.05%.
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Several institutional investors have recently bought and sold shares of the company. Motco increased its position in Campbell Soup by 301.9% in the second quarter. Motco now owns 2,130 shares of the company’s stock worth $111,000 after buying an additional 1,600 shares in the last quarter. IFP Advisors Inc increased its stake in shares of 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 during the period. Johnson Financial Group Inc. increased its stake in shares of 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 during the period. Mercer Capital Advisers Inc. increased its stake in shares of Campbell Soup by 13.6% in the second quarter. Mercer Capital Advisers Inc. now owns 3,374 shares of the company’s stock valued at $176,000 after buying an additional 405 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of 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 during the period. Institutional investors own 43.63% of the company’s stock.
About Campbell Soup
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.
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