StockNews.com Upgrades Campbell Soup (NASDAQ:CPB) to “Hold”

Campbell Soup (NASDAQ:CPB) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other brokerages have also recently issued reports on CPB. Wells Fargo & Company increased their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $47.00 price objective on shares of Campbell Soup in a report on Tuesday, August 27th. TD Cowen increased their price objective on Campbell Soup from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Wednesday, August 21st. Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $45.00 target price on shares of Campbell Soup in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.55.

Campbell Soup Stock Up 1.1 %

Shares of NASDAQ CPB opened at $51.89 on Thursday. Campbell Soup has a one year low of $37.94 and a one year high of $52.33. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The business’s fifty day moving average price is $48.06 and its 200-day moving average price is $45.47. The stock has a market capitalization of $15.49 billion, a PE ratio of 21.01, a P/E/G ratio of 3.26 and a beta of 0.16.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities research analysts anticipate that Campbell Soup will post 3.18 EPS for the current year.

Hedge Funds Weigh In On Campbell Soup

Several institutional investors have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in Campbell Soup during the 1st quarter valued at about $28,000. Jones Financial Companies Lllp purchased a new stake in Campbell Soup during the 4th quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Campbell Soup during the 2nd quarter valued at about $32,000. Larson Financial Group LLC boosted its holdings in Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after acquiring an additional 865 shares during the period. Finally, TruNorth Capital Management LLC purchased a new stake in Campbell Soup during the 2nd quarter valued at about $44,000. 52.35% of the stock is currently owned by institutional investors.

About Campbell Soup

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.