Jefferies Financial Group Issues Pessimistic Forecast for Campbell Soup (NASDAQ:CPB) Stock Price

Campbell Soup (NASDAQ:CPB) had its price target lowered by equities researchers at Jefferies Financial Group from $42.00 to $40.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 0.53% from the company’s current price.

Other analysts also recently issued research reports about the company. Stifel Nicolaus dropped their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. BNP Paribas raised Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Citigroup decreased their target price on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company reduced their price target on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.36.

Campbell Soup Stock Performance

Campbell Soup stock opened at $39.79 on Wednesday. Campbell Soup has a 1-year low of $36.92 and a 1-year high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $11.86 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The firm’s 50 day simple moving average is $39.43 and its 200 day simple moving average is $44.39.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The business’s revenue was up 9.3% on a year-over-year basis. As a group, analysts expect that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 20.19% of the company’s stock.

Institutional Investors Weigh In On Campbell Soup

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Siemens Fonds Invest GmbH purchased a new stake in Campbell Soup during the fourth quarter valued at approximately $135,000. QSM Asset Management Ltd bought a new stake in shares of Campbell Soup during the 4th quarter valued at $6,556,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Campbell Soup in the 4th quarter worth $10,462,000. Forum Financial Management LP purchased a new position in Campbell Soup during the fourth quarter valued at $264,000. Finally, Voloridge Investment Management LLC bought a new stake in Campbell Soup during the fourth quarter valued at about $18,172,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

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.