Brokerages Set The Campbell’s Company (NASDAQ:CPB) Price Target at $40.11

The Campbell’s Company (NASDAQ:CPB) has received a consensus rating of “Reduce” from the twenty analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.11.

Several equities research analysts have recently commented on CPB shares. BNP Paribas raised Campbell’s to a “strong sell” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. downgraded Campbell’s from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $48.00 to $37.00 in a report on Thursday, March 6th. Evercore ISI reduced their target price on Campbell’s from $46.00 to $41.00 and set an “in-line” rating for the company in a report on Thursday, May 29th. Wells Fargo & Company reduced their target price on Campbell’s from $40.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, May 30th. Finally, Morgan Stanley reduced their target price on Campbell’s from $40.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, June 3rd.

Campbell’s Trading Down 0.0%

Shares of Campbell’s stock opened at $31.84 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 9.29 and a beta of 0.11. The business has a fifty day simple moving average of $34.99 and a 200-day simple moving average of $38.12. Campbell’s has a fifty-two week low of $31.58 and a fifty-two week high of $52.81.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings data on Monday, June 2nd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, equities analysts forecast that Campbell’s will post 3.15 EPS for the current fiscal year.

Campbell’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.90%. The ex-dividend date is Thursday, July 3rd. Campbell’s’s payout ratio is currently 103.31%.

Insiders Place Their Bets

In other Campbell’s news, EVP Charles A. Brawley III sold 2,498 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now directly owns 37,590 shares of the company’s stock, valued at $1,504,727.70. This represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.19% of the company’s stock.

Institutional Trading of Campbell’s

Several large investors have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its stake in shares of Campbell’s by 0.8% during the 1st quarter. Voya Investment Management LLC now owns 56,837 shares of the company’s stock worth $2,269,000 after acquiring an additional 425 shares in the last quarter. Howe & Rusling Inc. boosted its stake in shares of Campbell’s by 3.5% during the 1st quarter. Howe & Rusling Inc. now owns 11,786 shares of the company’s stock worth $470,000 after acquiring an additional 400 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Campbell’s by 27.1% during the 1st quarter. Inspire Investing LLC now owns 7,835 shares of the company’s stock worth $313,000 after acquiring an additional 1,669 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Campbell’s by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after acquiring an additional 750 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of Campbell’s during the 1st quarter worth about $205,000. Institutional investors own 52.35% of the company’s stock.

About Campbell’s

The Campbell’s Company, formerly known as 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.