Campbell Soup (NYSE:CPB) Upgraded to B by TheStreet

TheStreet upgraded shares of Campbell Soup (NYSE:CPB) from a c+ rating to a b rating in a report published on Wednesday, TheStreetRatingsTable reports.

A number of other brokerages also recently commented on CPB. Citigroup increased their price target on Campbell Soup from $48.00 to $50.00 and gave the company a buy rating in a report on Wednesday, September 4th. Piper Jaffray Companies upgraded Campbell Soup from an underweight rating to a neutral rating and lifted their price objective for the stock from $40.00 to $45.00 in a report on Tuesday, September 3rd. ValuEngine lowered Campbell Soup from a hold rating to a sell rating in a research report on Tuesday, November 26th. Bank of America upped their target price on Campbell Soup from $36.00 to $40.00 and gave the company an underperform rating in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Co increased their target price on Campbell Soup from $45.00 to $48.00 and gave the company a market perform rating in a research note on Thursday. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $45.18.

Shares of CPB stock opened at $47.75 on Wednesday. Campbell Soup has a 12 month low of $32.03 and a 12 month high of $48.93. The company has a debt-to-equity ratio of 6.39, a current ratio of 0.58 and a quick ratio of 0.33. The firm has a market capitalization of $14.03 billion, a P/E ratio of 20.76, a P/E/G ratio of 3.11 and a beta of 0.42. The company’s fifty day moving average price is $47.01 and its two-hundred day moving average price is $43.73.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, December 4th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.07. Campbell Soup had a return on equity of 62.59% and a net margin of 2.25%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the firm earned $0.79 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, sell-side analysts anticipate that Campbell Soup will post 2.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $1.40 annualized dividend and a dividend yield of 2.93%. Campbell Soup’s payout ratio is 60.87%.

In related news, SVP Adam G. Ciongoli sold 16,096 shares of Campbell Soup stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $47.16, for a total value of $759,087.36. Following the completion of the transaction, the senior vice president now directly owns 70,984 shares in the company, valued at $3,347,605.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 36.48% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPB. Massey Quick Simon & CO. LLC acquired a new position in shares of Campbell Soup in the 3rd quarter worth approximately $25,000. Citizens Financial Group Inc RI bought a new stake in shares of Campbell Soup in the 2nd quarter valued at approximately $28,000. Meeder Asset Management Inc. raised its position in shares of Campbell Soup by 204.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 783 shares of the company’s stock valued at $31,000 after acquiring an additional 526 shares in the last quarter. Strategic Blueprint LLC acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at approximately $47,000. Finally, AdvisorNet Financial Inc raised its position in shares of Campbell Soup by 1,207.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,046 shares of the company’s stock valued at $49,000 after acquiring an additional 966 shares in the last quarter. Hedge funds and other institutional investors own 50.88% of the company’s stock.

About Campbell Soup

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.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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