Sanford C. Bernstein Analysts Give Campbell Soup (CPB) a $33.00 Price Target

Sanford C. Bernstein set a $33.00 price target on Campbell Soup (NYSE:CPB) in a research note issued to investors on Tuesday. The brokerage currently has a sell rating on the stock.

Several other research analysts also recently commented on the stock. TheStreet downgraded shares of Campbell Soup from a b- rating to a c rating in a research note on Friday, May 18th. JPMorgan Chase & Co. decreased their target price on shares of Campbell Soup to $32.00 and set a neutral rating on the stock in a research note on Monday, May 21st. Stifel Nicolaus decreased their target price on shares of Campbell Soup from $44.00 to $35.00 and set a hold rating on the stock in a research note on Monday, May 21st. Royal Bank of Canada cut their price target on shares of Campbell Soup to $40.00 and set a sector perform rating on the stock in a report on Monday, May 21st. Finally, Barclays cut their price target on shares of Campbell Soup from $47.00 to $33.00 and set an underweight rating on the stock in a report on Monday, May 21st. Ten equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Sell and a consensus target price of $40.21.

Shares of NYSE CPB opened at $34.60 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 5.73. Campbell Soup has a 52 week low of $33.28 and a 52 week high of $59.14. The firm has a market capitalization of $10.32 billion, a P/E ratio of 11.38, a PEG ratio of 2.12 and a beta of 0.33.



Campbell Soup (NYSE:CPB) last issued its earnings results on Friday, May 18th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.60 by $0.10. Campbell Soup had a net margin of 5.97% and a return on equity of 56.59%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. analysts anticipate that Campbell Soup will post 2.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Wednesday, April 11th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Tuesday, April 10th. Campbell Soup’s dividend payout ratio (DPR) is currently 46.05%.

Large investors have recently added to or reduced their stakes in the stock. Advisor Partners LLC boosted its holdings in shares of Campbell Soup by 22.8% during the 4th quarter. Advisor Partners LLC now owns 5,779 shares of the company’s stock valued at $274,000 after buying an additional 1,074 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of Campbell Soup by 44.0% during the 4th quarter. First Personal Financial Services now owns 3,856 shares of the company’s stock valued at $186,000 after buying an additional 1,179 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Campbell Soup by 2.8% during the 1st quarter. LPL Financial LLC now owns 49,205 shares of the company’s stock valued at $2,131,000 after buying an additional 1,331 shares in the last quarter. Boulegeris Investments Inc. boosted its holdings in shares of Campbell Soup by 5.3% during the 1st quarter. Boulegeris Investments Inc. now owns 27,746 shares of the company’s stock valued at $1,202,000 after buying an additional 1,385 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Campbell Soup by 1.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 108,596 shares of the company’s stock valued at $5,225,000 after buying an additional 1,421 shares in the last quarter. Institutional investors and hedge funds own 48.61% of the company’s stock.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; and Campbell's tomato juices in the United States, Canada, and Latin America.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

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