Campbell Soup (CPB) Given Average Rating of “Hold” by Analysts
Shares of Campbell Soup (NYSE:CPB) have earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $49.83.
Several research firms have commented on CPB. Morgan Stanley decreased their price target on shares of Campbell Soup from $47.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, October 13th. UBS Group decreased their price target on shares of Campbell Soup from $42.00 to $41.00 and set a “sell” rating on the stock in a research note on Wednesday, November 22nd. Citigroup reissued a “neutral” rating and set a $54.00 price target (up from $50.00) on shares of Campbell Soup in a research note on Wednesday, December 20th. Piper Jaffray Companies set a $49.00 price target on shares of Campbell Soup and gave the stock a “hold” rating in a research note on Tuesday, November 28th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $50.00 price target on shares of Campbell Soup in a research note on Friday, December 15th.
Campbell Soup (NYSE:CPB) opened at $45.51 on Monday. The company has a market cap of $13,680.62, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 3.58 and a beta of 0.39. Campbell Soup has a one year low of $44.99 and a one year high of $64.23. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.39 and a current ratio of 0.77.
Campbell Soup declared that its Board of Directors has approved a stock repurchase program on Monday, December 18th that permits the company to repurchase outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Wednesday, January 10th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Tuesday, January 9th. Campbell Soup’s payout ratio is 48.95%.
In related news, insider Edward Carolan sold 6,500 shares of Campbell Soup stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $48.15, for a total value of $312,975.00. Following the transaction, the insider now directly owns 41,506 shares of the company’s stock, valued at $1,998,513.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Carlos Barroso sold 4,300 shares of Campbell Soup stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $48.86, for a total transaction of $210,098.00. Following the completion of the transaction, the senior vice president now directly owns 29,119 shares in the company, valued at $1,422,754.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,284 shares of company stock worth $741,399. 37.20% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. First Personal Financial Services boosted its holdings in Campbell Soup by 180.9% in the third quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock valued at $125,000 after acquiring an additional 1,724 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Campbell Soup in the third quarter valued at $175,000. Victory Capital Management Inc. boosted its holdings in Campbell Soup by 6.1% in the second quarter. Victory Capital Management Inc. now owns 3,733 shares of the company’s stock valued at $195,000 after acquiring an additional 213 shares in the last quarter. First Allied Advisory Services Inc. boosted its holdings in Campbell Soup by 6.3% in the second quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock valued at $201,000 after acquiring an additional 227 shares in the last quarter. Finally, ETRADE Capital Management LLC bought a new stake in Campbell Soup in the second quarter valued at $210,000. Institutional investors and hedge funds own 46.04% of the company’s stock.
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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.
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