StockNews.com Lowers Campbell Soup (NYSE:CPB) to Sell

StockNews.com lowered shares of Campbell Soup (NYSE:CPB) from a hold rating to a sell rating in a report released on Wednesday morning.

CPB has been the topic of several other research reports. DA Davidson raised their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a buy rating in a research note on Monday, June 10th. JPMorgan Chase & Co. upgraded Campbell Soup from a neutral rating to an overweight rating and lifted their price objective for the company from $45.00 to $52.00 in a report on Wednesday, June 26th. Wells Fargo & Company boosted their price objective on Campbell Soup from $45.00 to $47.00 and gave the company an equal weight rating in a research report on Friday, June 7th. Sanford C. Bernstein upgraded shares of Campbell Soup from an underperform rating to a market perform rating and raised their target price for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Finally, Citigroup upped their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the company a sell rating in a report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Campbell Soup currently has a consensus rating of Hold and a consensus target price of $47.08.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $50.80 on Wednesday. The firm has a fifty day moving average of $46.94 and a two-hundred day moving average of $44.89. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.90 and a beta of 0.16. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $50.99.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Campbell Soup will post 3.08 EPS for the current year.

Institutional Investors Weigh In On Campbell Soup

Several hedge funds have recently bought and sold shares of CPB. Blair William & Co. IL lifted its position in shares of Campbell Soup by 0.5% during the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock valued at $1,982,000 after acquiring an additional 218 shares during the period. Empirical Finance LLC raised its stake in Campbell Soup by 3.6% in the first quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock valued at $307,000 after purchasing an additional 239 shares in the last quarter. North Star Investment Management Corp. lifted its position in Campbell Soup by 2.1% during the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock worth $549,000 after purchasing an additional 260 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Campbell Soup by 4.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock worth $303,000 after buying an additional 286 shares in the last quarter. Finally, Essex Financial Services Inc. increased its holdings in Campbell Soup by 5.5% in the 1st quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock valued at $249,000 after buying an additional 292 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.