Campbell Soup (NASDAQ:CPB) Stock Rating Lowered by DA Davidson

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

A number of other research analysts have also weighed in on CPB. Barclays upped their price objective on Campbell Soup from $45.00 to $49.00 and gave the stock an underweight rating in a report on Thursday, September 12th. Royal Bank of Canada increased their target price on Campbell Soup from $47.00 to $51.00 and gave the company a sector perform rating in a report on Friday, September 13th. Wells Fargo & Company increased their price objective on Campbell Soup from $49.00 to $51.00 and gave the company an equal weight rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an overweight rating in a report on Wednesday, September 11th. Finally, StockNews.com upgraded shares of Campbell Soup from a sell rating to a hold rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Campbell Soup presently has a consensus rating of Hold and a consensus target price of $49.85.

Campbell Soup Price Performance

CPB stock opened at $48.92 on Friday. The business has a 50 day moving average price of $49.48 and a 200 day moving average price of $46.34. The company has a quick ratio of 0.22, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 3.02 and a beta of 0.18. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81.

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

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Institutional Investors Weigh In On Campbell Soup

Large investors have recently made changes to their positions in the business. Mather Group LLC. purchased a new position in Campbell Soup in the first quarter valued at about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Campbell Soup during the 2nd quarter worth approximately $32,000. Jones Financial Companies Lllp acquired a new position in Campbell Soup during the 4th quarter worth approximately $31,000. Larson Financial Group LLC boosted its holdings in Campbell Soup by 3,760.9% in the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after acquiring an additional 865 shares during the period. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Campbell Soup during the second quarter valued at approximately $44,000. 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.