Campbell Soup Company (CPB) Price Target Cut to $42.00

Campbell Soup Company (NYSE:CPB) had its price target decreased by investment analysts at UBS AG from $46.00 to $42.00 in a note issued to investors on Thursday, November 9th, www.benzinga.com reports. The firm presently has a “sell” rating on the stock. UBS AG’s price target would indicate a potential downside of 8.38% from the company’s previous close.

A number of other analysts also recently weighed in on CPB. Credit Suisse Group set a $47.00 target price on Campbell Soup and gave the company a “sell” rating in a research report on Sunday, July 23rd. Morgan Stanley cut their target price on Campbell Soup from $47.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, October 13th. Piper Jaffray Companies reiterated a “neutral” rating and set a $50.00 target price (down from $56.00) on shares of Campbell Soup in a research report on Monday, September 11th. Barclays PLC restated a “sell” rating on shares of Campbell Soup in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada set a $60.00 price objective on Campbell Soup and gave the stock a “hold” rating in a research report on Tuesday, July 18th. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.36.

Campbell Soup (NYSE CPB) traded down $4.09 during trading hours on Thursday, hitting $45.84. The stock had a trading volume of 12,508,500 shares, compared to its average volume of 1,977,984. The company has a market cap of $15,005.39, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 3.66 and a beta of 0.38. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 1.52. Campbell Soup has a 1 year low of $44.99 and a 1 year high of $64.23.

Campbell Soup (NYSE:CPB) last released its earnings results on Tuesday, November 21st. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.17 billion. Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. analysts expect that Campbell Soup will post 3.07 EPS for the current fiscal year.

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In other Campbell Soup news, Director Charles R. Perrin sold 2,304 shares of the company’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $46.46, for a total value of $107,043.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luca Mignini bought 4,300 shares of the stock in a transaction on Wednesday, September 27th. The stock was purchased at an average cost of $46.47 per share, with a total value of $199,821.00. Following the acquisition, the insider now owns 88,178 shares in the company, valued at $4,097,631.66. The disclosure for this purchase can be found here. 37.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CPB. Bessemer Group Inc. increased its stake in shares of Campbell Soup by 80,239.5% in the third quarter. Bessemer Group Inc. now owns 3,445,763 shares of the company’s stock valued at $161,331,000 after buying an additional 3,441,474 shares during the period. Renaissance Technologies LLC increased its stake in shares of Campbell Soup by 585.4% in the second quarter. Renaissance Technologies LLC now owns 2,494,700 shares of the company’s stock valued at $130,099,000 after buying an additional 2,130,700 shares during the period. APG Asset Management N.V. increased its stake in shares of Campbell Soup by 50.7% in the third quarter. APG Asset Management N.V. now owns 3,545,569 shares of the company’s stock valued at $166,004,000 after buying an additional 1,192,900 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Campbell Soup by 16.0% in the third quarter. Bank of New York Mellon Corp now owns 6,493,192 shares of the company’s stock valued at $304,011,000 after buying an additional 897,314 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Campbell Soup by 116.3% in the third quarter. American Century Companies Inc. now owns 1,357,438 shares of the company’s stock valued at $63,555,000 after buying an additional 729,762 shares during the period. 47.08% of the stock is owned by institutional investors and hedge funds.

About Campbell Soup

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.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

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