Campbell Soup (NYSE:CPB) Research Coverage Started at Citigroup

Citigroup started coverage on shares of Campbell Soup (NYSE:CPBFree Report) in a report released on Thursday, Marketbeat Ratings reports. The firm issued a sell rating and a $41.00 price target on the stock.

Other analysts have also issued research reports about the company. TheStreet raised Campbell Soup from a c+ rating to a b- rating in a research note on Wednesday, January 3rd. Wells Fargo & Company assumed coverage on Campbell Soup in a research note on Tuesday, December 12th. They set an equal weight rating and a $47.00 price objective for the company. Piper Sandler increased their price objective on Campbell Soup from $44.00 to $47.00 and gave the company a neutral rating in a research note on Thursday, December 7th. Stephens started coverage on Campbell Soup in a research note on Friday, October 13th. They issued an overweight rating and a $50.00 price target for the company. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup presently has an average rating of Hold and an average target price of $46.75.

Read Our Latest Report on Campbell Soup

Campbell Soup Stock Down 0.8 %

Shares of NYSE CPB opened at $44.82 on Thursday. Campbell Soup has a one year low of $37.94 and a one year high of $56.04. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.97 and a quick ratio of 0.39. The firm’s 50 day simple moving average is $43.32 and its two-hundred day simple moving average is $42.42. The stock has a market capitalization of $13.42 billion, a P/E ratio of 16.91, a PEG ratio of 3.78 and a beta of 0.26.

Campbell Soup (NYSE:CPBGet Free Report) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Campbell Soup had a net margin of 8.55% and a return on equity of 23.71%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $1.02 earnings per share. As a group, analysts expect that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Thursday, January 4th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Wednesday, January 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 55.85%.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 3,000 shares of Campbell Soup stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $44.31, for a total transaction of $132,930.00. Following the sale, the executive vice president now owns 14,238 shares of the company’s stock, valued at approximately $630,885.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Campbell Soup

Large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Campbell Soup by 29.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,150 shares of the company’s stock worth $1,299,000 after buying an additional 6,692 shares during the period. HighTower Advisors LLC grew its holdings in Campbell Soup by 60.0% during the first quarter. HighTower Advisors LLC now owns 20,855 shares of the company’s stock worth $932,000 after acquiring an additional 7,819 shares during the period. Cetera Advisor Networks LLC boosted its position in Campbell Soup by 31.3% during the first quarter. Cetera Advisor Networks LLC now owns 11,020 shares of the company’s stock worth $491,000 after purchasing an additional 2,628 shares in the last quarter. MetLife Investment Management LLC boosted its position in Campbell Soup by 22.7% during the first quarter. MetLife Investment Management LLC now owns 54,864 shares of the company’s stock worth $2,445,000 after purchasing an additional 10,144 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Campbell Soup by 6.8% during the first quarter. Rhumbline Advisers now owns 319,394 shares of the company’s stock worth $14,235,000 after purchasing an additional 20,335 shares in the last quarter. Hedge funds and other institutional investors own 50.73% of the company’s stock.

About Campbell Soup

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Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in 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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