Campbell Soup (NASDAQ:CPB – Get Free Report)’s share price dropped 4.3% during mid-day trading on Wednesday . The company traded as low as $48.82 and last traded at $48.90. 2,634,071 shares traded hands during trading, a decline of 0% from the average daily volume of 2,641,222 shares. The stock had previously closed at $51.10.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on CPB shares. StockNews.com lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Wednesday. DA Davidson lifted their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Citigroup increased their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. TD Cowen upped their price target on Campbell Soup from $46.00 to $47.00 and gave the stock a “hold” rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company increased their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Campbell Soup presently has a consensus rating of “Hold” and an average target price of $48.18.
View Our Latest Stock Report on Campbell Soup
Campbell Soup Price Performance
Campbell Soup (NASDAQ:CPB – Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. On average, sell-side analysts anticipate that Campbell Soup will post 3.18 EPS for the current fiscal year.
Institutional Trading of Campbell Soup
Institutional investors and hedge funds have recently modified their holdings of the business. Blair William & Co. IL raised its position in Campbell Soup by 0.5% in the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after acquiring an additional 218 shares during the period. Empirical Finance LLC raised its holdings in shares of Campbell Soup by 3.6% in the 1st quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after purchasing an additional 239 shares during the period. North Star Investment Management Corp. lifted its stake in Campbell Soup by 2.1% in the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock valued at $549,000 after purchasing an additional 260 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Campbell Soup by 4.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after purchasing an additional 286 shares during the period. Finally, Essex Financial Services Inc. increased its position in Campbell Soup by 5.5% in the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock worth $249,000 after buying an additional 292 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.
About Campbell Soup
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.
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