Campbell Soup (NASDAQ:CPB) Downgraded to “Sell” at StockNews.com

Campbell Soup (NASDAQ:CPB) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other equities research analysts also recently commented on CPB. Citigroup increased their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, May 23rd. DA Davidson increased their target price on Campbell Soup from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, June 10th. JPMorgan Chase & Co. lifted their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Wells Fargo & Company increased their price objective on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Finally, Barclays boosted their target price on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.92.

Campbell Soup Stock Performance

NASDAQ:CPB opened at $50.84 on Friday. The company has a market cap of $15.18 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $52.81. The company has a fifty day simple moving average of $49.07 and a two-hundred day simple moving average of $46.00.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. Campbell Soup’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 EPS. As a group, equities analysts anticipate that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CPB. Mather Group LLC. purchased a new stake in shares of Campbell Soup during the first quarter worth approximately $28,000. Jones Financial Companies Lllp purchased a new position in Campbell Soup during the 4th quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup in the 2nd quarter worth $32,000. Larson Financial Group LLC boosted its holdings in shares of Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after acquiring an additional 865 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of Campbell Soup during the second quarter worth about $44,000. 52.35% of the stock is currently 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.