Consumer Edge Reiterates “Equal Weight” Rating for Campbell Soup (NASDAQ:CPB)

Campbell Soup (NASDAQ:CPB)‘s stock had its “equal weight” rating restated by stock analysts at Consumer Edge in a research report issued on Monday, MarketBeat Ratings reports.

Several other equities research analysts have also recently issued reports on CPB. Wells Fargo & Company cut their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Barclays lowered their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Stifel Nicolaus lowered their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group lowered their price objective on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Finally, DA Davidson lowered their price objective on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Four investment 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.23.

Campbell Soup Price Performance

NASDAQ:CPB traded up $0.65 during trading hours on Monday, reaching $39.07. 182,757 shares of the company were exchanged, compared to its average volume of 2,572,478. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The stock’s 50-day moving average is $39.16 and its 200-day moving average is $43.84. The firm has a market cap of $11.65 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. Campbell Soup has a twelve month low of $36.92 and a twelve month high of $52.81.

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

Insider Activity at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Campbell Soup

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Campbell Soup by 272.7% in the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock worth $93,949,000 after buying an additional 1,641,400 shares in the last quarter. Man Group plc boosted its position in shares of Campbell Soup by 1,296.1% in the 4th quarter. Man Group plc now owns 1,407,161 shares of the company’s stock worth $58,932,000 after buying an additional 1,306,372 shares in the last quarter. Invesco Ltd. boosted its position in shares of Campbell Soup by 38.2% in the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock worth $194,556,000 after buying an additional 1,282,957 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Campbell Soup in the 4th quarter worth about $50,908,000. 52.35% of the stock is currently owned by hedge funds and other 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.