Campbell Soup (NASDAQ:CPB) Given Consensus Rating of “Hold” by Analysts

Campbell Soup (NASDAQ:CPB) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $48.92.

A number of brokerages have issued reports on CPB. TD Cowen lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Royal Bank of Canada raised their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. StockNews.com cut Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Barclays raised their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a report on Thursday, September 12th.

Institutional Investors Weigh In On Campbell Soup

Several hedge funds and other institutional investors have recently made changes to their positions in CPB. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup during the 2nd quarter valued at about $32,000. Brandes Investment Partners LP grew its stake in shares of 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 last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Campbell Soup during the 2nd quarter worth approximately $760,000. William B. Walkup & Associates Inc. purchased a new position in Campbell Soup during the 2nd quarter valued at $144,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Campbell Soup by 18.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,843 shares of the company’s stock valued at $626,000 after acquiring an additional 2,152 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Stock Performance

NASDAQ CPB opened at $51.08 on Thursday. The business has a 50-day moving average price of $48.96 and a 200-day moving average price of $45.96. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.81. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52.

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

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.