Campbell Soup (NASDAQ:CPB) Reaches New 12-Month High at $52.62

Campbell Soup (NASDAQ:CPB) hit a new 52-week high during trading on Tuesday . The company traded as high as $52.62 and last traded at $52.62, with a volume of 271966 shares trading hands. The stock had previously closed at $51.74.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $47.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. DA Davidson upped their price target on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Citigroup upped their price target on Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, May 23rd. Finally, StockNews.com cut Campbell Soup from a “hold” rating to a “sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.18.

Campbell Soup Stock Down 3.8 %

The firm has a 50 day simple moving average of $48.30 and a two-hundred day simple moving average of $45.64. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 3.26 and a beta of 0.18.

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

Institutional Investors Weigh In On Campbell Soup

Hedge funds have recently modified their holdings of the business. Blair William & Co. IL grew its holdings in shares of Campbell Soup by 0.5% during the second quarter. Blair William & Co. IL now owns 43,869 shares of the company’s stock worth $1,982,000 after buying an additional 218 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of 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 buying an additional 239 shares in the last quarter. North Star Investment Management Corp. grew its holdings 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 buying an additional 260 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Campbell Soup by 4.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company’s stock worth $303,000 after buying an additional 286 shares in the last quarter. Finally, Essex Financial Services Inc. grew its holdings in shares of Campbell Soup by 5.5% during the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company’s stock worth $249,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

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.