Campbell Soup (NYSE:CPB) Receives Buy Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their buy rating on shares of Campbell Soup (NYSE:CPB) in a research note issued to investors on Thursday, Stock Target Advisor reports. Royal Bank of Canada currently has a $55.00 price target on the stock.

CPB has been the topic of a number of other research reports. UBS Group set a $41.00 target price on shares of Campbell Soup in a research report on Thursday. They noted that the move was a valuation call. Bank of America lifted their price target on shares of Campbell Soup from $36.00 to $40.00 and gave the company an underperform rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price target on shares of Campbell Soup from $41.00 to $48.00 in a research note on Tuesday, September 3rd. Wells Fargo & Co upped their price objective on shares of Campbell Soup from $45.00 to $48.00 and gave the stock a market perform rating in a report on Thursday. Finally, Credit Suisse Group increased their price objective on shares of Campbell Soup from $41.00 to $43.00 and gave the stock an underperform rating in a research report on Thursday. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Campbell Soup has a consensus rating of Hold and a consensus target price of $45.18.

NYSE:CPB opened at $47.75 on Thursday. Campbell Soup has a 52 week low of $32.03 and a 52 week high of $48.93. The stock’s fifty day moving average is $47.01 and its two-hundred day moving average is $43.73. The company has a market capitalization of $14.37 billion, a P/E ratio of 20.76, a P/E/G ratio of 3.17 and a beta of 0.42. The company has a quick ratio of 0.33, a current ratio of 0.60 and a debt-to-equity ratio of 5.37.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Wednesday, December 4th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Campbell Soup had a return on equity of 64.48% and a net margin of 2.07%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. Sell-side analysts anticipate that Campbell Soup will post 2.54 earnings per share for the current fiscal year.

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

In other news, SVP Adam G. Ciongoli sold 16,096 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $47.16, for a total transaction of $759,087.36. Following the sale, the senior vice president now owns 70,984 shares of the company’s stock, valued at $3,347,605.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 36.48% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC purchased a new stake in shares of Campbell Soup during the third quarter worth approximately $25,000. Citizens Financial Group Inc RI acquired a new stake in Campbell Soup in the second quarter valued at approximately $28,000. Meeder Asset Management Inc. raised its holdings in Campbell Soup by 204.7% in the second 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 purchased a new position in Campbell Soup in the third quarter worth approximately $47,000. Finally, AdvisorNet Financial Inc lifted its stake in Campbell Soup by 1,207.5% in the third quarter. AdvisorNet Financial Inc now owns 1,046 shares of the company’s stock worth $49,000 after acquiring an additional 966 shares during the last quarter. Institutional investors and hedge funds 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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