Wells Fargo & Company Lowers Campbell Soup (NASDAQ:CPB) Price Target to $43.00

Campbell Soup (NASDAQ:CPB) had its target price cut by Wells Fargo & Company from $45.00 to $43.00 in a research note released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also issued reports about the stock. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. DA Davidson reissued a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $50.75.

Campbell Soup Trading Down 1.4 %

Shares of NASDAQ CPB opened at $39.95 on Tuesday. Campbell Soup has a twelve month low of $39.81 and a twelve month high of $52.81. The firm has a market cap of $11.91 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19. The business has a fifty day simple moving average of $43.71 and a two-hundred day simple moving average of $46.62. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is currently 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 20.19% of the company’s stock.

Institutional Trading of Campbell Soup

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blair William & Co. IL boosted its holdings in Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after purchasing an additional 218 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of Campbell Soup by 1.3% in the third quarter. Brown Lisle Cummings Inc. now owns 20,147 shares of the company’s stock worth $986,000 after buying an additional 254 shares during the last quarter. Diversified Trust Co grew its holdings in Campbell Soup by 0.3% during the third quarter. Diversified Trust Co now owns 87,845 shares of the company’s stock worth $4,297,000 after acquiring an additional 283 shares during the period. V Square Quantitative Management LLC raised its position in Campbell Soup by 4.0% during the third quarter. V Square Quantitative Management LLC now owns 7,538 shares of the company’s stock valued at $369,000 after acquiring an additional 287 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Campbell Soup by 7.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 4,225 shares of the company’s stock valued at $207,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Company Profile

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.