Brokerages Set The Campbell’s Company (NASDAQ:CPB) PT at $44.27

The Campbell’s Company (NASDAQ:CPB) has earned an average recommendation of “Reduce” from the eighteen research firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $44.27.

A number of analysts have weighed in on the company. Bank of America lowered their price target on Campbell’s from $45.00 to $41.00 and set an “underperform” rating on the stock in a research report on Thursday, March 6th. BNP Paribas raised shares of Campbell’s to a “strong sell” rating in a report on Wednesday, February 26th. DA Davidson dropped their target price on shares of Campbell’s from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Citigroup reduced their price target on shares of Campbell’s from $39.00 to $37.00 and set a “sell” rating on the stock in a research report on Thursday, March 6th. Finally, Morgan Stanley initiated coverage on shares of Campbell’s in a report on Monday, March 24th. They set an “equal weight” rating and a $40.00 price objective for the company.

Insider Buying and Selling at Campbell’s

In other news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total value of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares of the company’s stock, valued at $1,504,727.70. This represents a 6.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Institutional Investors Weigh In On Campbell’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ballentine Partners LLC grew its position in shares of Campbell’s by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after buying an additional 262 shares during the period. Principal Securities Inc. grew its holdings in Campbell’s by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares during the period. SPC Financial Inc. increased its stake in Campbell’s by 2.3% in the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock valued at $569,000 after purchasing an additional 300 shares in the last quarter. Ascent Wealth Partners LLC raised its holdings in Campbell’s by 1.5% in the fourth quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock worth $845,000 after purchasing an additional 306 shares during the period. Finally, DoubleLine ETF Adviser LP boosted its position in shares of Campbell’s by 2.8% during the fourth quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company’s stock worth $487,000 after purchasing an additional 312 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell’s Price Performance

NASDAQ:CPB opened at $36.29 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The company has a 50-day moving average of $38.90 and a 200-day moving average of $41.30. Campbell’s has a 52 week low of $35.85 and a 52 week high of $52.81. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.71 and a beta of 0.19.

Campbell’s (NASDAQ:CPB) last announced 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. Campbell’s had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The company’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that Campbell’s will post 3.15 earnings per share for the current fiscal year.

Campbell’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Thursday, April 3rd. Campbell’s’s dividend payout ratio (DPR) is presently 90.17%.

About Campbell’s

The Campbell’s Company, formerly known as 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.