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

Royal Bank of Canada reaffirmed their sector perform rating on shares of Campbell Soup (NYSE:CPB) in a report issued on Tuesday morning, Benzinga reports. Royal Bank of Canada currently has a $47.00 target price on the stock.

A number of other research analysts also recently issued reports on CPB. TD Cowen boosted their target price on shares of Campbell Soup from $46.00 to $47.00 and gave the company a hold rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upgraded Campbell Soup from a neutral rating to an overweight rating and raised their target price for the company from $45.00 to $52.00 in a research note on Wednesday, June 26th. Wells Fargo & Company upped their price target on Campbell Soup from $45.00 to $47.00 and gave the stock an equal weight rating in a research note on Friday, June 7th. DA Davidson raised their price objective on Campbell Soup from $47.00 to $49.00 and gave the company a buy rating in a research note on Monday, June 10th. Finally, Citigroup upped their target price on Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $47.08.

Campbell Soup Trading Down 1.2 %

CPB opened at $49.84 on Tuesday. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $50.99. The company has a fifty day moving average of $47.15 and a 200-day moving average of $45.01. The stock has a market cap of $14.88 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.90 and a beta of 0.16. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47.

Campbell Soup (NYSE:CPB) last announced its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.70 by $0.05. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Campbell Soup will post 3.08 EPS for the current year.

Institutional Trading of Campbell Soup

A number of institutional investors and hedge funds have recently modified their holdings of CPB. Brandes Investment Partners LP grew its stake in Campbell Soup by 38.8% in the 2nd quarter. Brandes Investment Partners LP now owns 12,695 shares of the company’s stock valued at $574,000 after purchasing an additional 3,550 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Campbell Soup in the second quarter worth about $760,000. William B. Walkup & Associates Inc. bought a new stake in Campbell Soup in the second quarter worth about $144,000. Northwestern Mutual Wealth Management Co. boosted its stake in Campbell Soup by 18.4% in the second 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. Finally, Creative Planning grew its position in shares of Campbell Soup by 2.4% during the 2nd quarter. Creative Planning now owns 112,956 shares of the company’s stock valued at $5,104,000 after acquiring an additional 2,661 shares during the period. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Company Profile

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.