Campbell Soup (NYSE:CPB) has earned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $50.08.
Several analysts have commented on CPB shares. Royal Bank of Canada set a $56.00 target price on shares of Campbell Soup and gave the company a “hold” rating in a research report on Wednesday, October 25th. Credit Suisse Group set a $41.00 target price on shares of Campbell Soup and gave the company a “sell” rating in a research report on Friday, November 24th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $50.00 target price on shares of Campbell Soup in a research report on Friday, December 15th. Citigroup upgraded shares of Campbell Soup from a “neutral” rating to a “buy” rating and upped their target price for the company from $45.51 to $57.00 in a research report on Tuesday, January 16th. Finally, UBS Group dropped their target price on shares of Campbell Soup from $46.00 to $42.00 and set a “sell” rating for the company in a research report on Thursday, November 9th.
Shares of Campbell Soup (NYSE:CPB) opened at $44.83 on Friday. The company has a market cap of $13,480.00, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 3.55 and a beta of 0.32. Campbell Soup has a 1 year low of $43.50 and a 1 year high of $64.23. The company has a current ratio of 0.77, a quick ratio of 0.39 and a debt-to-equity ratio of 1.34.
Campbell Soup announced that its board has approved a share buyback plan on Monday, December 18th that permits the company to repurchase shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Wednesday, January 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Tuesday, January 9th. Campbell Soup’s dividend payout ratio is currently 48.95%.
In related news, insider Edward Carolan sold 6,500 shares of the company’s 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 completion of the sale, the insider now owns 41,506 shares in the company, valued at approximately $1,998,513.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Randall W. Larrimore sold 2,242 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.69, for a total transaction of $109,162.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,284 shares of company stock valued at $741,399. 37.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CPB. First Personal Financial Services boosted its stake in Campbell Soup by 180.9% in the 3rd quarter. First Personal Financial Services now owns 2,677 shares of the company’s stock worth $125,000 after purchasing an additional 1,724 shares during the period. Cordasco Financial Network acquired a new position in Campbell Soup in the 4th quarter worth $144,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Campbell Soup by 199.8% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,998 shares of the company’s stock worth $144,000 after purchasing an additional 1,998 shares during the period. Meeder Asset Management Inc. acquired a new position in Campbell Soup in the 3rd quarter worth $175,000. Finally, First Allied Advisory Services Inc. boosted its stake in Campbell Soup by 6.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 3,847 shares of the company’s stock worth $201,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 47.02% of the company’s stock.
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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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