Campbell Soup Company (CPB) Price Target Lowered to $42.00 at UBS AG

Campbell Soup Company (NYSE:CPB) had its target price trimmed by UBS AG from $46.00 to $42.00 in a research report released on Thursday morning, www.benzinga.com reports. The brokerage currently has a sell rating on the stock.

A number of other research analysts have also commented on the company. Royal Bank Of Canada set a $56.00 price objective on Campbell Soup and gave the company a hold rating in a report on Wednesday, October 25th. Morgan Stanley reduced their target price on Campbell Soup from $47.00 to $46.00 and set an underweight rating on the stock in a report on Friday, October 13th. Piper Jaffray Companies set a $50.00 target price on Campbell Soup and gave the stock a hold rating in a report on Wednesday, October 11th. Zacks Investment Research lowered Campbell Soup from a hold rating to a sell rating in a report on Monday, September 4th. Finally, Goldman Sachs Group, Inc. (The) reduced their target price on Campbell Soup from $49.00 to $45.00 and set a hold rating on the stock in a report on Sunday, September 3rd. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $50.55.

Shares of Campbell Soup (CPB) traded up $1.78 during midday trading on Thursday, reaching $47.42. The company’s stock had a trading volume of 2,385,000 shares, compared to its average volume of 1,898,542. 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 52-week low of $44.99 and a 52-week high of $64.23. The firm has a market cap of $14,251.06, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 3.48 and a beta of 0.38.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Thursday, August 31st. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Campbell Soup had a net margin of 11.24% and a return on equity of 59.84%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. research analysts expect that Campbell Soup will post 3.07 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Friday, October 13th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.95%. The ex-dividend date was Thursday, October 12th. Campbell Soup’s dividend payout ratio (DPR) is presently 48.44%.

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

Institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its position in Campbell Soup by 6.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 133,937 shares of the company’s stock valued at $6,984,000 after purchasing an additional 8,119 shares during the last quarter. Berkshire Asset Management LLC PA raised its position in Campbell Soup by 45.3% in the third quarter. Berkshire Asset Management LLC PA now owns 12,036 shares of the company’s stock valued at $564,000 after purchasing an additional 3,750 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Campbell Soup by 38.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 850,980 shares of the company’s stock valued at $44,379,000 after purchasing an additional 236,417 shares during the last quarter. Boulegeris Investments Inc. raised its position in Campbell Soup by 18.8% in the second quarter. Boulegeris Investments Inc. now owns 18,925 shares of the company’s stock valued at $987,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Evanston Investments Inc. dba Evanston Advisors raised its position in Campbell Soup by 8.4% in the second quarter. Evanston Investments Inc. dba Evanston Advisors now owns 129,986 shares of the company’s stock valued at $6,779,000 after purchasing an additional 10,087 shares during the last quarter. Hedge funds and other institutional investors own 46.48% of the company’s stock.

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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