Campbell Soup (NYSE:CPB) Research Coverage Started at BNP Paribas

Stock analysts at BNP Paribas assumed coverage on shares of Campbell Soup (NYSE:CPBGet Rating) in a report released on Tuesday, Marketbeat.com reports. The firm set an “underperform” rating and a $48.00 price target on the stock. BNP Paribas’ price objective points to a potential downside of 5.34% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Campbell Soup from $49.00 to $50.00 in a research note on Monday, August 22nd. StockNews.com upgraded Campbell Soup from a “hold” rating to a “buy” rating in a report on Friday, November 11th. Piper Sandler reduced their price target on Campbell Soup from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, September 2nd. JPMorgan Chase & Co. lifted their price target on Campbell Soup from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, August 25th. Finally, UBS Group lifted their price target on Campbell Soup to $45.00 in a report on Monday, August 29th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.90.

Campbell Soup Stock Up 3.9 %

NYSE:CPB opened at $50.71 on Tuesday. Campbell Soup has a 1-year low of $39.85 and a 1-year high of $53.28. The company has a 50-day moving average of $49.34 and a 200 day moving average of $48.83. The firm has a market cap of $15.20 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 5.70 and a beta of 0.41. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.68 and a quick ratio of 0.25.

Campbell Soup (NYSE:CPBGet Rating) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.98 billion. Campbell Soup had a net margin of 8.84% and a return on equity of 25.81%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. As a group, research analysts anticipate that Campbell Soup will post 2.9 EPS for the current fiscal year.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 3,600 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $47.35, for a total transaction of $170,460.00. Following the completion of the sale, the executive vice president now owns 14,445 shares in the company, valued at $683,970.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Old North State Trust LLC acquired a new stake in Campbell Soup in the third quarter valued at $25,000. EverSource Wealth Advisors LLC grew its holdings in Campbell Soup by 121.5% in the third quarter. EverSource Wealth Advisors LLC now owns 536 shares of the company’s stock valued at $26,000 after purchasing an additional 294 shares during the last quarter. Exos TFP Holdings LLC acquired a new stake in Campbell Soup in the third quarter valued at $26,000. Parkside Financial Bank & Trust grew its holdings in Campbell Soup by 149.8% in the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock valued at $27,000 after purchasing an additional 358 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Campbell Soup in the third quarter valued at $31,000. Institutional investors and hedge funds own 51.16% of the company’s stock.

About Campbell Soup

(Get Rating)

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.

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