Campbell Soup (NYSE:CPB – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
CPB has been the topic of several other reports. Piper Sandler reaffirmed a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a research report on Friday, June 7th. DA Davidson lifted their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Wells Fargo & Company lifted their price objective on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, June 7th. Finally, Citigroup lifted their price objective on Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a research report on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.56.
Read Our Latest Research Report on Campbell Soup
Campbell Soup Stock Down 0.5 %
Campbell Soup (NYSE:CPB – Get Free Report) last announced 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 firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, analysts anticipate that Campbell Soup will post 3.08 EPS for the current year.
Institutional Trading of Campbell Soup
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in shares of Campbell Soup by 97.2% in the 4th quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company’s stock worth $316,844,000 after buying an additional 3,613,495 shares during the last quarter. Norges Bank purchased a new position in shares of Campbell Soup in the 4th quarter worth approximately $125,689,000. AMF Tjanstepension AB purchased a new position in shares of Campbell Soup in the 1st quarter worth approximately $30,128,000. Bank of New York Mellon Corp boosted its stake in shares of Campbell Soup by 21.2% in the 1st quarter. Bank of New York Mellon Corp now owns 3,315,516 shares of the company’s stock worth $147,375,000 after buying an additional 580,411 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Campbell Soup by 62.3% in the 3rd quarter. Deutsche Bank AG now owns 1,453,612 shares of the company’s stock worth $59,714,000 after buying an additional 557,948 shares during the last quarter. 52.35% of the stock is owned by institutional investors.
About Campbell Soup
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.
Further Reading
- Five stocks we like better than Campbell Soup
- Stock Market Sectors: What Are They and How Many Are There?
- Sales Breakout Sends This Semiconductor Stock to Record High
- The Most Important Warren Buffett Stock for Investors: His Own
- Surprise Buying Opportunity on This Dividend Aristocrat
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- New Theme Park Powerhouse: Merger Creates Industry-Leading Stock
Receive News & Ratings for Campbell Soup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Campbell Soup and related companies with MarketBeat.com's FREE daily email newsletter.