Stifel Nicolaus Cuts Campbell Soup (NASDAQ:CPB) Price Target to $40.00

Campbell Soup (NASDAQ:CPB) had its price objective reduced by Stifel Nicolaus from $47.00 to $40.00 in a research note released on Friday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Other equities analysts also recently issued research reports about the company. Barclays dropped their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. DA Davidson reissued a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.17.

Campbell Soup Trading Up 1.0 %

Shares of Campbell Soup stock opened at $38.98 on Friday. The firm has a market cap of $11.62 billion, a PE ratio of 21.30, a P/E/G ratio of 2.64 and a beta of 0.19. Campbell Soup has a 1 year low of $37.61 and a 1 year high of $52.81. 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 has a fifty day moving average price of $41.99 and a 200-day moving average price of $46.04.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Equities research analysts anticipate that Campbell Soup will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.00%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.19% of the company’s stock.

Hedge Funds Weigh In On Campbell Soup

Hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC bought a new stake in shares of Campbell Soup during the 3rd quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Campbell Soup during the second quarter worth about $32,000. Ashton Thomas Securities LLC purchased a new position in shares of Campbell Soup in the 3rd quarter worth about $39,000. Friedenthal Financial purchased a new position in shares of Campbell Soup in the 3rd quarter worth about $48,000. Finally, Spire Wealth Management increased its position in shares of Campbell Soup by 29.6% during the 4th quarter. Spire Wealth Management now owns 1,406 shares of the company’s stock valued at $59,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors 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.