The Campbell’s Company (NASDAQ:CPB) Receives $40.11 Consensus PT from Brokerages

Shares of The Campbell’s Company (NASDAQ:CPB) have been assigned a consensus recommendation of “Hold” from the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $40.11.

CPB has been the topic of a number of research analyst reports. DA Davidson lowered their price target on Campbell’s from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, June 9th. Consumer Edge reissued an “equal weight” rating on shares of Campbell’s in a report on Monday, March 17th. Stephens lowered their price target on Campbell’s from $48.00 to $43.00 in a report on Wednesday, May 28th. UBS Group began coverage on Campbell’s in a report on Wednesday, April 23rd. They set a “sell” rating and a $36.00 price target on the stock. Finally, Jefferies Financial Group lowered their target price on Campbell’s from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, May 21st.

Insider Transactions at Campbell’s

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

Institutional Trading of Campbell’s

Institutional investors and hedge funds have recently modified their holdings of the company. Handelsbanken Fonder AB grew its position in Campbell’s by 161.8% in the fourth quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company’s stock valued at $7,801,000 after acquiring an additional 115,122 shares during the period. ING Groep NV bought a new stake in Campbell’s in the fourth quarter valued at $1,062,000. Hussman Strategic Advisors Inc. grew its position in Campbell’s by 133.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock valued at $6,156,000 after acquiring an additional 84,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in Campbell’s by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company’s stock valued at $74,860,000 after acquiring an additional 21,849 shares during the period. Finally, Deutsche Bank AG grew its position in Campbell’s by 56.9% in the fourth quarter. Deutsche Bank AG now owns 2,662,547 shares of the company’s stock valued at $111,507,000 after acquiring an additional 966,044 shares during the period. 52.35% of the stock is currently owned by institutional investors.

Campbell’s Stock Performance

Shares of CPB opened at $31.85 on Friday. The business’s fifty day moving average price is $35.24 and its 200 day moving average price is $38.32. Campbell’s has a 12-month low of $31.58 and a 12-month high of $52.81. The stock has a market capitalization of $9.50 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 9.28 and a beta of 0.11. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell’s had a net margin of 4.44% and a return on equity of 23.22%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Equities research analysts forecast that Campbell’s will post 3.15 EPS for the current year.

Campbell’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.90%. Campbell’s’s dividend payout ratio (DPR) is presently 103.31%.

Campbell’s Company Profile

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.