Campbell Soup (NASDAQ:CPB) Lowered to Sell at StockNews.com

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

Several other brokerages also recently commented on CPB. Citigroup boosted their target price on Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a research note on Thursday, May 23rd. Wells Fargo & Company boosted their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an equal weight rating in a report on Wednesday, September 11th. DA Davidson boosted their price target on Campbell Soup from $47.00 to $49.00 and gave the stock a buy rating in a report on Monday, June 10th. Stifel Nicolaus restated a hold rating and set a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Finally, Royal Bank of Canada boosted their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a sector perform rating in a report on Friday, September 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup has a consensus rating of Hold and a consensus target price of $49.69.

Campbell Soup Trading Down 1.5 %

CPB stock opened at $50.45 on Friday. Campbell Soup has a one year low of $37.94 and a one 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 0.24. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. The company has a fifty day moving average price of $49.29 and a two-hundred day moving average price of $46.15.

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

Campbell Soup Dividend Announcement

The firm 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 2.93%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Beacon Pointe Advisors LLC raised its holdings in shares of Campbell Soup by 5.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 12,180 shares of the company’s stock valued at $527,000 after buying an additional 636 shares in the last quarter. Norges Bank purchased a new position in shares of Campbell Soup during the 4th quarter valued at about $125,689,000. UBS Group AG raised its holdings in shares of Campbell Soup by 116.4% during the 4th quarter. UBS Group AG now owns 463,602 shares of the company’s stock valued at $20,042,000 after buying an additional 249,326 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Campbell Soup by 6.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock valued at $268,000 after buying an additional 384 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new position in shares of Campbell Soup during the 4th quarter valued at about $459,000. 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.