Campbell Soup (NASDAQ:CPB) Given New $43.00 Price Target at Wells Fargo & Company

Campbell Soup (NASDAQ:CPB) had its price objective decreased by stock analysts at Wells Fargo & Company from $45.00 to $43.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 6.02% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Citigroup decreased their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. StockNews.com upgraded Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Finally, Barclays decreased their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus target price of $50.75.

Campbell Soup Price Performance

CPB traded up $0.06 on Tuesday, hitting $40.56. 457,119 shares of the company were exchanged, compared to its average volume of 1,787,256. Campbell Soup has a fifty-two week low of $40.26 and a fifty-two week high of $52.81. 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 business’s fifty day moving average is $43.85 and its 200 day moving average is $46.66. The firm has a market capitalization of $12.09 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 20.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC grew its position in shares of Campbell Soup by 4.1% in the second quarter. Natixis Advisors LLC now owns 42,796 shares of the company’s stock valued at $1,934,000 after purchasing an additional 1,696 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Campbell Soup by 22.3% during the second quarter. National Bank of Canada FI now owns 58,413 shares of the company’s stock worth $2,644,000 after buying an additional 10,645 shares during the last quarter. Savant Capital LLC boosted its position in shares of Campbell Soup by 8.8% in the second quarter. Savant Capital LLC now owns 11,781 shares of the company’s stock valued at $532,000 after acquiring an additional 953 shares during the period. Ballentine Partners LLC grew its stake in shares of Campbell Soup by 12.6% in the second quarter. Ballentine Partners LLC now owns 8,768 shares of the company’s stock worth $396,000 after acquiring an additional 984 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of Campbell Soup by 0.9% during the second quarter. Royal London Asset Management Ltd. now owns 131,527 shares of the company’s stock valued at $5,944,000 after buying an additional 1,187 shares during the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

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.