Campbell Soup (NYSE:CPB) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Campbell Soup (NYSE:CPB) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Several other equities research analysts have also commented on the stock. DA Davidson boosted their price objective on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a buy rating in a research report on Monday, June 10th. Royal Bank of Canada reiterated a sector perform rating and issued a $47.00 price objective on shares of Campbell Soup in a research report on Friday, June 7th. Piper Sandler reiterated a neutral rating and issued a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, March 26th. Citigroup boosted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Campbell Soup from $45.00 to $47.00 and gave the stock an equal weight rating in a research report on Friday, June 7th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $46.56.

Campbell Soup Price Performance

Shares of NYSE CPB opened at $45.01 on Thursday. The firm has a market capitalization of $13.44 billion, a P/E ratio of 18.22, a PEG ratio of 2.90 and a beta of 0.16. Campbell Soup has a one year low of $37.94 and a one year high of $46.97. The company’s fifty day moving average is $44.89 and its two-hundred day moving average is $43.90. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62.

Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Analysts forecast that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is currently 59.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPB. Massmutual Trust Co. FSB ADV increased its stake in shares of Campbell Soup by 165.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after acquiring an additional 406 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Campbell Soup during the 1st quarter valued at about $28,000. Jones Financial Companies Lllp acquired a new position in shares of Campbell Soup during the 4th quarter valued at about $31,000. Larson Financial Group LLC increased its stake in shares of Campbell Soup by 3,760.9% during the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after acquiring an additional 865 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Campbell Soup by 79.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after acquiring an additional 449 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.