Campbell Soup Company (NYSE:CPB) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
A number of other brokerages also recently weighed in on CPB. Credit Suisse Group reissued a “sell” rating on shares of Campbell Soup Company in a report on Wednesday, May 24th. Sanford C. Bernstein downgraded shares of Campbell Soup Company from a “market perform” rating to an “underperform” rating and set a $54.00 price target on the stock. in a report on Tuesday, March 21st. Wells Fargo & Company reissued a “market perform” rating and issued a $58.00 price target (down from $62.50) on shares of Campbell Soup Company in a report on Tuesday, May 23rd. Finally, Piper Jaffray Companies started coverage on shares of Campbell Soup Company in a report on Wednesday, May 24th. They issued a “neutral” rating and a $59.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Campbell Soup Company presently has an average rating of “Hold” and a consensus price target of $59.95.
Shares of Campbell Soup Company (CPB) traded down 0.69% during trading on Friday, hitting $53.58. 2,576,769 shares of the stock traded hands. Campbell Soup Company has a 1-year low of $52.58 and a 1-year high of $67.89. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 33.83 and a beta of 0.35. The stock has a 50 day moving average price of $57.18 and a 200-day moving average price of $59.00.
Campbell Soup Company (NYSE:CPB) last issued its quarterly earnings results on Friday, May 19th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.05. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Campbell Soup Company had a return on equity of 59.83% and a net margin of 6.17%. Campbell Soup Company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Equities analysts forecast that Campbell Soup Company will post $3.05 EPS for the current year.
In other news, Director Bennett Dorrance acquired 915,766 shares of the stock in a transaction that occurred on Thursday, March 30th. The shares were acquired at an average cost of $57.34 per share, for a total transaction of $52,510,022.44. Following the purchase, the director now owns 24,978 shares of the company’s stock, valued at approximately $1,432,238.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 37.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in shares of Campbell Soup Company by 2.3% in the first quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock worth $142,000 after buying an additional 55 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Campbell Soup Company by 19.2% in the first quarter. Johnson Financial Group Inc. now owns 2,535 shares of the company’s stock worth $145,000 after buying an additional 408 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Campbell Soup Company by 22.9% in the fourth quarter. Van ECK Associates Corp now owns 2,918 shares of the company’s stock worth $176,000 after buying an additional 543 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Campbell Soup Company by 2.8% in the first quarter. Whittier Trust Co. now owns 3,469 shares of the company’s stock worth $198,000 after buying an additional 94 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new stake in shares of Campbell Soup Company during the fourth quarter worth about $212,000. Institutional investors and hedge funds own 43.93% of the company’s stock.
Campbell Soup Company Company Profile
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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