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

StockNews.com cut shares of Campbell Soup (NYSE:CPB) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Other equities research analysts have also issued research reports about the stock. Citigroup increased their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a report on Thursday, May 23rd. 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 Friday, June 7th. Wells Fargo & Company increased their price objective on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an equal weight rating in a report on Friday, June 7th. DA Davidson increased their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a buy rating in a report on Monday, June 10th. Finally, Sanford C. Bernstein raised shares of 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. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $46.56.

Campbell Soup Stock Up 1.0 %

CPB opened at $46.75 on Thursday. The firm’s 50-day simple moving average is $45.05 and its 200-day simple moving average is $44.20. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $48.63. The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.97 and a beta of 0.16.

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

Campbell Soup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. Campbell Soup’s dividend payout ratio is 59.92%.

Institutional Trading of Campbell Soup

Hedge funds have recently modified their holdings of the company. Mather Group LLC. acquired a new stake in shares of Campbell Soup in the 1st quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup in the 4th quarter valued at approximately $31,000. Larson Financial Group LLC raised 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 worth $39,000 after buying an additional 865 shares during the period. Lindbrook Capital LLC raised its holdings in Campbell Soup by 79.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after buying an additional 449 shares during the period. Finally, TruNorth Capital Management LLC acquired a new stake in Campbell Soup during the 2nd quarter worth approximately $44,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.