Campbell Soup (NASDAQ:CPB) Upgraded to “Hold” by StockNews.com

Campbell Soup (NASDAQ:CPB) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other research analysts have also recently issued reports on the company. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. Wells Fargo & Company raised their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, Barclays boosted their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.85.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $49.36 on Thursday. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The company has a market cap of $14.74 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. The company has a 50 day moving average of $49.48 and a 200-day moving average of $46.29. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $52.81.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Campbell Soup

Several large investors have recently modified their holdings of CPB. M&G Plc bought a new position in shares of Campbell Soup during the 2nd quarter worth approximately $469,000. Lingohr Asset Management GmbH acquired a new stake in Campbell Soup in the fourth quarter valued at approximately $627,000. First Trust Advisors LP increased its holdings in shares of Campbell Soup by 6.5% during the fourth quarter. First Trust Advisors LP now owns 661,401 shares of the company’s stock valued at $28,592,000 after acquiring an additional 40,504 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of Campbell Soup during the fourth quarter valued at approximately $1,211,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Campbell Soup during the fourth quarter worth approximately $1,045,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.