Campbell Soup (NASDAQ:CPB) Stock Price Down 4.3%

Campbell Soup (NASDAQ:CPB) shares dropped 4.3% during mid-day trading on Wednesday . The stock traded as low as $48.82 and last traded at $48.90. Approximately 2,634,071 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 2,641,222 shares. The stock had previously closed at $51.10.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup upped their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada lifted their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “sector perform” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.92.

Campbell Soup Price Performance

The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. The business has a 50-day simple moving average of $48.48 and a 200 day simple moving average of $45.69. The firm has a market cap of $15.25 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18.

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

Hedge Funds Weigh In On Campbell Soup

A number of institutional investors have recently bought and sold shares of the stock. Brandes Investment Partners LP lifted its position in 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 buying an additional 3,550 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Campbell Soup during the second quarter worth about $760,000. William B. Walkup & Associates Inc. bought a new position in shares of Campbell Soup during the second quarter valued at approximately $144,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Campbell Soup by 18.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,843 shares of the company’s stock worth $626,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Creative Planning increased its position in Campbell Soup by 2.4% during the 2nd 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. 52.35% of the stock is owned by institutional investors.

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.