Campbell Soup’s (CPB) “Buy” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their buy rating on shares of Campbell Soup (NYSE:CPB) in a research report released on Monday morning, AnalystRatings.com reports. They currently have a $59.00 price objective on the stock.

Several other brokerages have also recently commented on CPB. Barclays reiterated a sell rating and issued a $47.00 price target on shares of Campbell Soup in a research report on Friday, March 6th. ValuEngine upgraded shares of Campbell Soup from a sell rating to a hold rating in a research report on Wednesday, March 4th. UBS Group set a $41.00 price target on shares of Campbell Soup in a research report on Thursday, December 5th. They noted that the move was a valuation call. Jefferies Financial Group assumed coverage on shares of Campbell Soup in a research report on Wednesday, January 22nd. They issued a hold rating and a $49.00 price target on the stock. Finally, Credit Suisse Group boosted their price target on shares of Campbell Soup from $50.00 to $57.00 and gave the stock a neutral rating in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $48.67.

Shares of NYSE CPB opened at $43.59 on Monday. Campbell Soup has a fifty-two week low of $35.27 and a fifty-two week high of $57.54. The firm’s 50-day simple moving average is $48.26 and its 200 day simple moving average is $47.66. The company has a quick ratio of 0.31, a current ratio of 0.61 and a debt-to-equity ratio of 1.97. The stock has a market cap of $12.50 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.52 and a beta of 0.51.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. Campbell Soup had a net margin of 17.46% and a return on equity of 50.69%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that Campbell Soup will post 2.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.21%. Campbell Soup’s payout ratio is presently 60.87%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in shares of Campbell Soup by 0.7% during the fourth quarter. Arizona State Retirement System now owns 31,720 shares of the company’s stock worth $1,568,000 after buying an additional 230 shares during the last quarter. Ameritas Investment Company LLC lifted its holdings in shares of Campbell Soup by 81.3% during the fourth quarter. Ameritas Investment Company LLC now owns 553 shares of the company’s stock worth $27,000 after buying an additional 248 shares during the last quarter. Carroll Financial Associates Inc. lifted its holdings in shares of Campbell Soup by 18.7% during the fourth quarter. Carroll Financial Associates Inc. now owns 1,587 shares of the company’s stock worth $78,000 after buying an additional 250 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Campbell Soup by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,229 shares of the company’s stock worth $1,346,000 after buying an additional 265 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Campbell Soup by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 40,859 shares of the company’s stock worth $2,019,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

Featured Article: What is a stock split?

Analyst Recommendations for Campbell Soup (NYSE:CPB)

Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.