Campbell Soup (NASDAQ:CPB) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Campbell Soup (NASDAQ:CPB) from a sell rating to a hold rating in a report released on Thursday.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus reiterated a hold rating and issued a $45.00 target price on shares of Campbell Soup in a report on Tuesday, August 27th. Wells Fargo & Company lifted their target price on Campbell Soup from $49.00 to $51.00 and gave the stock an equal weight rating in a report on Wednesday, September 11th. Royal Bank of Canada lifted their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a sector perform rating in a report on Friday, September 13th. TD Cowen lifted their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a hold rating in a report on Thursday, September 12th. Finally, Argus upgraded Campbell Soup from a hold rating to a buy rating and set a $59.00 target price for the company in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Campbell Soup currently has a consensus rating of Hold and a consensus price target of $49.85.

Campbell Soup Price Performance

Shares of CPB opened at $49.36 on Thursday. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. The company has a market capitalization of $14.74 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. The business has a 50-day moving average of $49.48 and a 200-day moving average of $46.29.

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

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.00%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CPB. Mather Group LLC. purchased a new position in shares of Campbell Soup during the first quarter valued at approximately $28,000. Jones Financial Companies Lllp purchased a new position in Campbell Soup in the fourth quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Campbell Soup in the second quarter worth $32,000. Larson Financial Group LLC boosted its position in Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after purchasing an additional 865 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in Campbell Soup in the second quarter worth $44,000. Hedge funds and other institutional investors 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.