Campbell Soup (CPB) Stock Rating Lowered by ValuEngine

Campbell Soup (NYSE:CPB) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts have also recently weighed in on the stock. Citigroup upgraded shares of Campbell Soup from a “neutral” rating to a “buy” rating and boosted their target price for the company from $45.51 to $57.00 in a research note on Tuesday, January 16th. JPMorgan Chase reiterated an “overweight” rating and issued a $48.00 target price (down from $50.00) on shares of Campbell Soup in a research note on Tuesday, February 20th. Piper Jaffray cut shares of Campbell Soup from a “neutral” rating to an “underweight” rating and set a $59.00 target price on the stock. in a research note on Wednesday, February 28th. Morgan Stanley dropped their target price on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 20th. Finally, Goldman Sachs reiterated a “sell” rating and issued a $43.00 target price on shares of Campbell Soup in a research note on Friday, April 13th. Eight research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $48.00.

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Shares of CPB stock opened at $41.27 on Wednesday. Campbell Soup has a 52-week low of $40.98 and a 52-week high of $59.14. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $12,784.82, a price-to-earnings ratio of 13.58, a PEG ratio of 2.43 and a beta of 0.32.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Friday, February 16th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.19. Campbell Soup had a net margin of 13.41% and a return on equity of 54.10%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. equities analysts expect that Campbell Soup will post 3.1 EPS for the current year.

In other Campbell Soup news, insider Luca Mignini purchased 4,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average cost of $45.53 per share, for a total transaction of $200,332.00. Following the purchase, the insider now owns 87,814 shares of the company’s stock, valued at approximately $3,998,171.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 37.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of Campbell Soup by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,513,912 shares of the company’s stock valued at $313,384,000 after buying an additional 20,720 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Campbell Soup by 29.7% during the 4th quarter. Schroder Investment Management Group now owns 4,619,380 shares of the company’s stock valued at $222,238,000 after buying an additional 1,058,752 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Campbell Soup by 7.4% during the 4th quarter. APG Asset Management N.V. now owns 3,808,869 shares of the company’s stock valued at $152,602,000 after buying an additional 263,300 shares in the last quarter. LSV Asset Management lifted its stake in shares of Campbell Soup by 215.7% during the 4th quarter. LSV Asset Management now owns 3,095,193 shares of the company’s stock valued at $148,909,000 after buying an additional 2,114,693 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. purchased a new stake in shares of Campbell Soup during the 4th quarter valued at approximately $103,733,000. Institutional investors own 50.21% of the company’s stock.

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Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products. It operates through three segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry; Plum food and snacks; V8 juices and beverages; and Campbell's tomato juices.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Campbell Soup (NYSE:CPB)

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