The Campbell Soup Company (CPB) Stock Rating Reaffirmed by Royal Bank Of Canada

The Campbell Soup Company (CPB) Stock Rating Reaffirmed by Royal Bank Of Canada

Campbell Soup Company (NYSE:CPB)‘s stock had its “hold” rating reissued by investment analysts at Royal Bank Of Canada in a note issued to investors on Wednesday. They presently have a $56.00 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 21.19% from the company’s current price.

CPB has been the topic of several other research reports. Credit Suisse Group reissued a “sell” rating and issued a $43.00 price objective (down previously from $47.00) on shares of Campbell Soup in a research note on Friday, September 1st. Barclays PLC reissued a “sell” rating on shares of Campbell Soup in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Campbell Soup in a research note on Wednesday, June 28th. Finally, UBS AG reissued a “sell” rating and issued a $46.00 price objective (down previously from $50.00) on shares of Campbell Soup in a research note on Friday, September 1st. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.91.

Campbell Soup (CPB) traded up 0.17% on Wednesday, hitting $46.21. The stock had a trading volume of 2,801,292 shares. Campbell Soup has a 12-month low of $44.99 and a 12-month high of $64.23. The company has a 50 day moving average of $46.66 and a 200 day moving average of $52.56. The company has a market capitalization of $13.89 billion, a PE ratio of 15.99 and a beta of 0.36.

Campbell Soup (NYSE:CPB) last announced its quarterly earnings results on Thursday, August 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. Campbell Soup had a return on equity of 59.84% and a net margin of 11.24%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.46 earnings per share. On average, equities analysts expect that Campbell Soup will post $3.05 earnings per share for the current year.

In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of the company’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $46.46, for a total transaction of $107,043.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Luca Mignini purchased 4,300 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were purchased at an average cost of $46.47 per share, for a total transaction of $199,821.00. Following the transaction, the insider now directly owns 88,178 shares of the company’s stock, valued at approximately $4,097,631.66. The disclosure for this purchase can be found here. Corporate insiders own 37.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Management Group Inc. ADV boosted its position in Campbell Soup by 0.3% during the second quarter. Advisors Management Group Inc. ADV now owns 6,119 shares of the company’s stock valued at $319,000 after acquiring an additional 21 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Campbell Soup by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,605 shares of the company’s stock valued at $240,000 after acquiring an additional 70 shares during the last quarter. MML Investors Services LLC boosted its position in Campbell Soup by 1.7% during the second quarter. MML Investors Services LLC now owns 6,517 shares of the company’s stock valued at $340,000 after acquiring an additional 112 shares during the last quarter. Wesbanco Bank Inc. boosted its position in Campbell Soup by 1.5% during the second quarter. Wesbanco Bank Inc. now owns 7,915 shares of the company’s stock valued at $413,000 after acquiring an additional 120 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in Campbell Soup by 1.2% during the second quarter. Moors & Cabot Inc. now owns 12,250 shares of the company’s stock valued at $640,000 after acquiring an additional 150 shares during the last quarter. 44.67% of the stock is currently owned by institutional investors and hedge funds.

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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