Jefferies Financial Group Has Lowered Expectations for Campbell Soup (NASDAQ:CPB) Stock Price

Campbell Soup (NASDAQ:CPB) had its target price decreased by analysts at Jefferies Financial Group from $42.00 to $40.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 2.09% from the company’s previous close.

A number of other analysts have also weighed in on CPB. Barclays lowered their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. BNP Paribas raised Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. DA Davidson reaffirmed a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Citigroup decreased their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, December 5th. Finally, Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $49.38.

Campbell Soup Price Performance

Shares of CPB stock traded down $1.15 during trading hours on Wednesday, hitting $39.18. 7,638,131 shares of the company’s stock were exchanged, compared to its average volume of 2,568,282. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock’s 50-day moving average is $39.48 and its 200-day moving average is $44.43.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping 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 firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.74 billion. The business’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts forecast that Campbell Soup will post 3.15 EPS for the current year.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. 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 currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CPB. Franklin Resources Inc. lifted its position in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after acquiring an additional 1,792,005 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Campbell Soup by 43.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock valued at $451,000 after purchasing an additional 2,809 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Campbell Soup 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 purchasing an additional 115,122 shares in the last quarter. ING Groep NV acquired a new position in shares of Campbell Soup during the fourth quarter worth about $1,062,000. Finally, Hussman Strategic Advisors Inc. grew its holdings in shares of Campbell Soup by 133.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $6,156,000 after buying an additional 84,000 shares in 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.