Campbell Soup (NASDAQ:CPB) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Campbell Soup (NASDAQ:CPB) from a sell rating to a hold rating in a research note published on Friday.

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein upgraded Campbell Soup from an underperform rating to a market perform rating and lifted their price target for the company from $42.00 to $46.00 in a report on Wednesday, May 15th. Wells Fargo & Company lifted their price objective on Campbell Soup from $47.00 to $49.00 and gave the company an equal weight rating in a research note on Friday. DA Davidson lifted their price objective on Campbell Soup from $47.00 to $49.00 and gave the company a buy rating in a research note on Monday, June 10th. Stifel Nicolaus reaffirmed a hold rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised Campbell Soup from a neutral rating to an overweight rating and lifted their price objective for the company from $45.00 to $52.00 in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup presently has an average rating of Hold and a consensus price target of $47.23.

Campbell Soup Trading Up 1.0 %

Campbell Soup stock opened at $49.72 on Friday. The stock has a market cap of $14.84 billion, a PE ratio of 20.13, a P/E/G ratio of 2.90 and a beta of 0.16. The stock has a 50-day moving average price of $47.45 and a 200 day moving average price of $45.13. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $50.99. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. Equities research analysts predict that Campbell Soup will post 3.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Campbell Soup

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its position in Campbell Soup by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock worth $393,603,000 after acquiring an additional 161,392 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 valued at $147,375,000 after purchasing an additional 580,411 shares in the last quarter. Norges Bank acquired a new position in shares of Campbell Soup in the 4th quarter valued at approximately $125,689,000. Dimensional Fund Advisors LP raised its position in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after purchasing an additional 363,736 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after purchasing an additional 2,390,700 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

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.