Campbell Soup (NASDAQ:CPB) Upgraded at StockNews.com

StockNews.com upgraded shares of Campbell Soup (NASDAQ:CPB) from a sell rating to a hold rating in a research note released on Thursday morning.

A number of other brokerages also recently weighed in on CPB. Stifel Nicolaus reissued a hold rating and set a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. DA Davidson increased their price target on Campbell Soup from $47.00 to $49.00 and gave the company a buy rating in a research note on Monday, June 10th. TD Cowen raised their price target on Campbell Soup from $47.00 to $51.00 and gave the company a hold rating in a report on Thursday, September 12th. Royal Bank of Canada upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a sector perform rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an overweight rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Campbell Soup currently has an average rating of Hold and an average price target of $49.85.

Campbell Soup Trading Down 0.1 %

NASDAQ CPB opened at $49.36 on Thursday. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The stock has a 50 day moving average of $49.48 and a 200-day moving average of $46.34. The company has a market cap of $14.74 billion, a PE ratio of 19.98, a PEG ratio of 3.02 and a beta of 0.18.

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

Campbell Soup Dividend Announcement

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

Hedge Funds Weigh In On Campbell Soup

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup during the 2nd quarter worth $32,000. Brandes Investment Partners LP grew its stake in Campbell Soup by 38.8% during the second quarter. Brandes Investment Partners LP now owns 12,695 shares of the company’s stock worth $574,000 after buying an additional 3,550 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Campbell Soup during the second quarter worth about $760,000. William B. Walkup & Associates Inc. acquired a new position in shares of Campbell Soup in the 2nd quarter valued at approximately $144,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Campbell Soup by 18.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,843 shares of the company’s stock worth $626,000 after acquiring an additional 2,152 shares during the period. Institutional investors 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.