Jefferies Financial Group Issues Pessimistic Forecast for Campbell Soup (NASDAQ:CPB) Stock Price

Campbell Soup (NASDAQ:CPB) had its price target reduced by Jefferies Financial Group from $42.00 to $40.00 in a report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $51.00 price target on shares of Campbell Soup in a report on Monday, December 2nd. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Wells Fargo & Company dropped their target price on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Finally, Citigroup dropped their target price on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.38.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $39.18 on Wednesday. The firm has a market cap of $11.68 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The firm’s fifty day moving average is $39.48 and its 200-day moving average is $44.43. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts predict that Campbell Soup will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Thursday, April 3rd. Campbell Soup’s payout ratio is presently 85.25%.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 20.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Campbell Soup

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Campbell Soup by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock worth $989,440,000 after acquiring an additional 447,203 shares in the last quarter. State Street Corp increased its position in shares of Campbell Soup by 3.1% during the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after acquiring an additional 298,203 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Campbell Soup by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after acquiring an additional 531,281 shares in the last quarter. Beutel Goodman & Co Ltd. increased its position in shares of Campbell Soup by 0.5% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company’s stock worth $290,034,000 after acquiring an additional 35,160 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Campbell Soup by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company’s stock worth $222,420,000 after purchasing an additional 57,717 shares during the last quarter. 52.35% of the stock is 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.