Campbell Soup (NYSE:CPB) Receives “Hold” Rating from Stifel Nicolaus

Campbell Soup (NYSE:CPB)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a research report issued on Tuesday, Benzinga reports. They presently have a $45.00 target price on the stock. Stifel Nicolaus’ target price points to a potential downside of 10.20% from the company’s current price.

CPB has been the topic of several other research reports. TD Cowen raised their price target 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 upgraded Campbell Soup from an “underperform” rating to a “market perform” rating and raised their target price for the company from $42.00 to $46.00 in a research note on Wednesday, May 15th. DA Davidson upped their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. StockNews.com lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $45.00 to $52.00 in a research report on Wednesday, June 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.08.

Campbell Soup Stock Down 0.7 %

Shares of CPB stock traded down $0.33 during trading hours on Tuesday, hitting $50.11. 390,447 shares of the company were exchanged, compared to its average volume of 2,610,088. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.90 and a beta of 0.16. Campbell Soup has a one year low of $37.94 and a one year high of $50.99. The business’s 50-day simple moving average is $47.05 and its two-hundred day simple moving average is $44.96. 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 (NYSE:CPB) last issued its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm earned $0.68 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts predict that Campbell Soup will post 3.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Campbell Soup

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brandes Investment Partners LP raised its holdings in shares of Campbell Soup by 38.8% during the second quarter. Brandes Investment Partners LP now owns 12,695 shares of the company’s stock valued at $574,000 after acquiring an additional 3,550 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Campbell Soup during the 2nd quarter valued at $760,000. William B. Walkup & Associates Inc. purchased a new stake in shares of Campbell Soup in the second quarter valued at $144,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Campbell Soup by 18.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,843 shares of the company’s stock worth $626,000 after buying an additional 2,152 shares during the period. Finally, Creative Planning grew its holdings in shares of Campbell Soup by 2.4% during the second quarter. Creative Planning now owns 112,956 shares of the company’s stock valued at $5,104,000 after buying an additional 2,661 shares in the last quarter. Institutional investors and hedge funds 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.