Campbell Soup (NYSE:CPB) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Campbell Soup (NYSE:CPB) in a report released on Tuesday, Benzinga reports. The brokerage currently has a $45.00 target price on the stock.

CPB has been the topic of a number of other research reports. Sanford C. Bernstein upgraded Campbell Soup from an underperform rating to a market perform rating and lifted their price objective for the stock from $42.00 to $46.00 in a research report on Wednesday, May 15th. Citigroup lifted 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. JPMorgan Chase & Co. raised shares of Campbell Soup from a neutral rating to an overweight rating and upped their price objective for the company from $45.00 to $52.00 in a report on Wednesday, June 26th. StockNews.com downgraded shares of Campbell Soup from a hold rating to a sell rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company boosted their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the company an equal weight rating in a report on Friday, June 7th. Three equities 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, the company currently has a consensus rating of Hold and an average target price of $47.08.

Campbell Soup Price Performance

Campbell Soup stock opened at $49.84 on Tuesday. The company has a fifty day simple moving average of $47.15 and a 200-day simple moving average of $45.01. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 20.18, a PEG 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 has a 52-week low of $37.94 and a 52-week high of $50.99.

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

Institutional Investors Weigh In On Campbell Soup

Institutional investors have recently modified their holdings of the company. Blair William & Co. IL lifted its stake in Campbell Soup by 0.5% during the 2nd quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after acquiring an additional 218 shares in the last quarter. Empirical Finance LLC increased its stake in Campbell Soup by 3.6% during the first quarter. Empirical Finance LLC now owns 6,912 shares of the company’s stock worth $307,000 after purchasing an additional 239 shares during the period. North Star Investment Management Corp. lifted its position in shares of Campbell Soup by 2.1% during the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company’s stock worth $549,000 after purchasing an additional 260 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Campbell Soup by 4.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock valued at $303,000 after purchasing an additional 286 shares during the period. Finally, Essex Financial Services Inc. boosted its position in Campbell Soup by 5.5% in the 1st quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock valued at $249,000 after buying an additional 292 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

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.