Campbell Soup (NYSE:CPB)‘s stock had its “hold” rating reiterated by equities research analysts at J P Morgan Chase & Co in a research note issued to investors on Friday. They currently have a $50.00 price target on the stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 2.97% from the stock’s previous close.

CPB has been the topic of a number of other research reports. Royal Bank of Canada set a $56.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Goldman Sachs Group lowered their price objective on Campbell Soup from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Sunday, September 3rd. UBS lowered their price objective on Campbell Soup from $46.00 to $42.00 and set a “sell” rating on the stock in a research report on Thursday, November 9th. Credit Suisse Group set a $41.00 price objective on Campbell Soup and gave the stock a “sell” rating in a research report on Friday, November 24th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $47.00 target price (down previously from $52.00) on shares of Campbell Soup in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Campbell Soup currently has an average rating of “Hold” and a consensus price target of $49.45.

Campbell Soup (NYSE CPB) traded down $0.63 during trading hours on Friday, hitting $48.56. The company’s stock had a trading volume of 3,118,200 shares, compared to its average volume of 2,027,246. The stock has a market capitalization of $14,786.86, a P/E ratio of 16.73, a P/E/G ratio of 3.74 and a beta of 0.40. Campbell Soup has a 12-month low of $44.99 and a 12-month high of $64.23. The company has a current ratio of 0.77, a quick ratio of 0.42 and a debt-to-equity ratio of 1.34.

Campbell Soup (NYSE:CPB) last posted its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Campbell Soup had a return on equity of 56.88% and a net margin of 11.08%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. equities analysts forecast that Campbell Soup will post 2.96 earnings per share for the current year.

In related news, insider Luca Mignini acquired 4,300 shares of Campbell Soup stock in a transaction dated Wednesday, September 27th. The shares were purchased at an average cost of $46.47 per share, with a total value of $199,821.00. Following the completion of the purchase, the insider now owns 88,178 shares of the company’s stock, valued at $4,097,631.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles R. Perrin sold 2,304 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The disclosure for this sale can be found here. 37.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Berkshire Asset Management LLC PA grew its stake in shares of Campbell Soup by 45.3% in the third quarter. Berkshire Asset Management LLC PA now owns 12,036 shares of the company’s stock worth $564,000 after purchasing an additional 3,750 shares during the last quarter. Manning & Napier Advisors LLC lifted its holdings in Campbell Soup by 3.2% in the third quarter. Manning & Napier Advisors LLC now owns 1,201,707 shares of the company’s stock worth $56,262,000 after buying an additional 37,577 shares during the period. Northern Capital Management LLC lifted its holdings in Campbell Soup by 235.8% in the third quarter. Northern Capital Management LLC now owns 73,810 shares of the company’s stock worth $3,456,000 after buying an additional 51,830 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Campbell Soup by 6.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 133,937 shares of the company’s stock worth $6,984,000 after buying an additional 8,119 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Campbell Soup by 15.7% in the third quarter. First Trust Advisors LP now owns 431,245 shares of the company’s stock worth $20,191,000 after buying an additional 58,407 shares during the period. 46.33% of the stock is currently owned by institutional investors.

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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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