Campbell Soup (NASDAQ:CPB) Downgraded by DA Davidson to Neutral

DA Davidson lowered shares of Campbell Soup (NASDAQ:CPB) from a buy rating to a neutral rating in a report issued on Friday, MarketBeat reports. The brokerage currently has $51.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. TD Cowen upped their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a hold rating in a research report on Thursday, September 12th. Wells Fargo & Company increased their price objective on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an equal weight rating in a research report on Wednesday, September 11th. Barclays increased their price objective on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an underweight rating in a research report on Thursday, September 12th. Stifel Nicolaus reissued a hold rating and issued a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the stock an overweight rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $49.85.

Campbell Soup Stock Performance

Shares of CPB stock opened at $49.36 on Friday. Campbell Soup has a one year low of $37.94 and a one year high of $52.81. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The company has a 50 day moving average price of $49.48 and a 200 day moving average price of $46.29. The firm has a market capitalization of $14.74 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. Campbell Soup’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that Campbell Soup will post 3.18 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.00%. Campbell Soup’s dividend payout ratio (DPR) is 59.92%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. M&G Plc acquired a new stake in shares of Campbell Soup during the second quarter worth $469,000. Lingohr Asset Management GmbH acquired a new stake in shares of Campbell Soup during the fourth quarter worth $627,000. First Trust Advisors LP raised its holdings in shares of Campbell Soup by 6.5% during the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock worth $28,592,000 after purchasing an additional 40,504 shares during the period. Stephens Inc. AR acquired a new stake in shares of Campbell Soup during the fourth quarter worth $1,211,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Campbell Soup during the fourth quarter worth $1,045,000. 52.35% of the stock is currently owned by 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.