Campbell Soup (NASDAQ:CPB) Upgraded to “Buy” by Argus

Argus upgraded shares of Campbell Soup (NASDAQ:CPB) from a hold rating to a buy rating in a research report report published on Friday, Marketbeat.com reports. They currently have $59.00 price objective on the stock.

A number of other research analysts have also recently weighed in on CPB. Wells Fargo & Company lifted their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the company an equal weight rating in a research note on Wednesday, September 11th. Barclays upped their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an underweight rating in a research note on Thursday, September 12th. TD Cowen increased their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a hold rating in a research report on Thursday, September 12th. Citigroup boosted their price target on Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a report on Thursday, May 23rd. Finally, DA Davidson increased their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the company a buy rating in a report on Monday, June 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $49.69.

Campbell Soup Stock Down 1.5 %

Campbell Soup stock opened at $50.45 on Friday. The stock has a market cap of $15.06 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.24 and a current ratio of 0.61. The stock has a fifty day moving average of $49.29 and a 200 day moving average of $46.15. Campbell Soup has a one year low of $37.94 and a one year high of $52.81.

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

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, October 3rd. Campbell Soup’s dividend payout ratio is presently 59.92%.

Institutional Trading of Campbell Soup

A number of large investors have recently modified their holdings of the company. Mather Group LLC. bought a new position in Campbell Soup during the 1st quarter worth about $28,000. Jones Financial Companies Lllp purchased a new position in Campbell Soup during the fourth quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Campbell Soup in the second quarter worth approximately $32,000. Larson Financial Group LLC lifted its holdings in Campbell Soup by 3,760.9% during the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after buying an additional 865 shares during the period. Finally, TruNorth Capital Management LLC purchased a new stake in Campbell Soup during the second quarter worth $44,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

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.