Campbell Soup (NYSE:CPB – Get Rating) had its price target lowered by Bank of America from $51.00 to $49.00 in a research note published on Thursday morning, The Fly reports.
Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $53.00 to $55.00 and gave the stock a neutral rating in a report on Thursday, March 9th. Stifel Nicolaus decreased their price objective on shares of Campbell Soup from $55.00 to $51.00 in a report on Thursday. Royal Bank of Canada restated a sector perform rating and set a $50.00 target price on shares of Campbell Soup in a research report on Thursday, March 9th. Barclays cut their price target on shares of Campbell Soup from $53.00 to $50.00 in a research report on Thursday. Finally, Credit Suisse Group raised their target price on shares of Campbell Soup from $50.00 to $51.00 and gave the stock a neutral rating in a report on Thursday, March 9th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $51.00.
Campbell Soup Trading Up 1.5 %
Shares of CPB stock opened at $46.77 on Thursday. Campbell Soup has a 52-week low of $44.37 and a 52-week high of $57.78. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 4.38 and a beta of 0.36. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.31 and a current ratio of 0.77. The firm has a fifty day moving average of $53.42 and a 200-day moving average of $53.67.
Campbell Soup Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, July 5th. Campbell Soup’s payout ratio is presently 54.81%.
Hedge Funds Weigh In On Campbell Soup
A number of institutional investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC boosted its stake in Campbell Soup by 1.8% during the first quarter. Perigon Wealth Management LLC now owns 11,215 shares of the company’s stock worth $617,000 after acquiring an additional 193 shares in the last quarter. Pathstone Family Office LLC boosted its stake in Campbell Soup by 0.8% during the fourth quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock worth $1,439,000 after acquiring an additional 199 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in Campbell Soup by 3.8% during the fourth quarter. Wesbanco Bank Inc. now owns 5,444 shares of the company’s stock worth $309,000 after acquiring an additional 200 shares in the last quarter. Vantage Consulting Group Inc boosted its stake in Campbell Soup by 5.1% during the first quarter. Vantage Consulting Group Inc now owns 4,157 shares of the company’s stock worth $229,000 after acquiring an additional 200 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in Campbell Soup by 0.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 45,001 shares of the company’s stock worth $2,553,000 after buying an additional 213 shares during the last quarter. 50.39% of the stock is currently owned by institutional investors and hedge funds.
Campbell Soup Company Profile
Campbell Soup Co engages in the business of manufacturing and marketing food and beverage products. It operates under the Meals and Beverages, and Snacks segments. The Meals and Beverages segment includes soup, meals, and beverage products in retail and foodservice. The Snacks segment offers cookies, crackers, bakery, and frozen products.
Featured Articles
- Get a free copy of the StockNews.com research report on Campbell Soup (CPB)
- Hooker Furnishings Discount To Book, A Value Play?
- REV Group Shifts Into High Gear: Double-Digit Upside Ahead
- Can Kirkland’s Cycle Pick Up Again? Earnings May Have An Answer
- Don’t Bet On A Rally In Stitch Fix, Invest In The Future
- 2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values
Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.
