Consumer Edge Reaffirms Equal Weight Rating for Campbell Soup (NASDAQ:CPB)

Consumer Edge reiterated their equal weight rating on shares of Campbell Soup (NASDAQ:CPB) in a report released on Monday, Marketbeat.com reports.

Other equities analysts have also recently issued reports about the company. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. DA Davidson decreased their target price on Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company decreased their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Barclays decreased their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. cut Campbell Soup from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Campbell Soup currently has a consensus rating of “Hold” and a consensus price target of $45.23.

Campbell Soup Price Performance

NASDAQ CPB opened at $39.01 on Monday. The business’s fifty day moving average price is $39.16 and its 200-day moving average price is $43.84. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 2.71 and a beta of 0.15. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. Campbell Soup has a 1-year low of $36.92 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Campbell Soup will post 3.15 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.00%. Campbell Soup’s payout ratio is 90.17%.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of Campbell Soup by 170.7% in the 3rd quarter. Assetmark Inc. now owns 1,819 shares of the company’s stock valued at $89,000 after acquiring an additional 1,147 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Campbell Soup by 10.7% in the 3rd quarter. Atria Investments Inc now owns 5,600 shares of the company’s stock valued at $274,000 after acquiring an additional 541 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of Campbell Soup in the 3rd quarter valued at about $315,000. Huntington National Bank lifted its holdings in shares of Campbell Soup by 35.3% in the 3rd quarter. Huntington National Bank now owns 2,090 shares of the company’s stock valued at $102,000 after acquiring an additional 545 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Campbell Soup by 6.7% in the 3rd quarter. CIBC Asset Management Inc now owns 36,487 shares of the company’s stock valued at $1,785,000 after acquiring an additional 2,277 shares during the last quarter. Hedge funds and other 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.