Campbell Soup (NYSE:CPB) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Campbell Soup (NYSE:CPBGet Rating) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other research firms have also recently commented on CPB. UBS Group started coverage on shares of Campbell Soup in a research note on Wednesday, March 30th. They set a sell rating and a $42.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Campbell Soup from $45.00 to $46.00 in a report on Tuesday, March 1st. Citigroup increased their price objective on shares of Campbell Soup from $45.00 to $46.00 and gave the stock a neutral rating in a report on Thursday, March 10th. Finally, Royal Bank of Canada downgraded shares of Campbell Soup from an outperform rating to a sector perform rating and lowered their price objective for the company from $47.00 to $46.00 in a report on Monday, March 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $44.30.

Shares of NYSE CPB opened at $50.28 on Friday. Campbell Soup has a 1 year low of $39.76 and a 1 year high of $51.94. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.85 and a quick ratio of 0.46. The company has a 50 day simple moving average of $45.91 and a 200-day simple moving average of $44.17. The company has a market capitalization of $15.17 billion, a P/E ratio of 16.59, a P/E/G ratio of 11.29 and a beta of 0.40.

Campbell Soup (NYSE:CPBGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Campbell Soup had a net margin of 11.09% and a return on equity of 25.72%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts expect that Campbell Soup will post 2.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Thursday, April 7th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.94%. The ex-dividend date was Wednesday, April 6th. Campbell Soup’s payout ratio is 48.85%.

Several institutional investors have recently bought and sold shares of the company. Worldquant Millennium Advisors LLC increased its holdings in Campbell Soup by 201.0% in the first quarter. Worldquant Millennium Advisors LLC now owns 381,297 shares of the company’s stock valued at $16,994,000 after buying an additional 254,619 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Campbell Soup by 114.2% in the 1st quarter. Wealthfront Advisers LLC now owns 51,656 shares of the company’s stock valued at $2,302,000 after buying an additional 27,542 shares during the period. Advisors Asset Management Inc. boosted its stake in Campbell Soup by 11.4% during the 1st quarter. Advisors Asset Management Inc. now owns 4,170 shares of the company’s stock valued at $186,000 after purchasing an additional 427 shares during the period. Lido Advisors LLC acquired a new stake in shares of Campbell Soup in the 1st quarter worth approximately $409,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Campbell Soup in the 1st quarter worth approximately $373,000. 51.89% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Company Profile (Get Rating)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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