Campbell Soup (NYSE:CPB) Shares Gap Up to $41.96

Campbell Soup (NYSE:CPB)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $41.96, but opened at $44.01. Campbell Soup shares last traded at $42.57, with a volume of 499,476 shares traded.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Campbell Soup from $49.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, August 22nd. Evercore ISI lowered their price target on shares of Campbell Soup from $55.00 to $53.00 in a report on Thursday, June 8th. StockNews.com started coverage on shares of Campbell Soup in a research report on Thursday, August 17th. They set a “hold” rating for the company. Bank of America reduced their price objective on shares of Campbell Soup from $51.00 to $49.00 in a research report on Thursday, June 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Campbell Soup from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Monday, August 21st. Four investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.38.

Campbell Soup Trading Down 0.6 %

The firm’s 50-day moving average is $44.76 and its 200-day moving average is $49.85. The company has a current ratio of 0.92, a quick ratio of 0.36 and a debt-to-equity ratio of 1.25. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 3.15 and a beta of 0.32.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Thursday, August 31st. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.06 billion. Campbell Soup had a net margin of 8.46% and a return on equity of 26.31%. Campbell Soup’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS. As a group, sell-side analysts anticipate that Campbell Soup will post 3 EPS for the current fiscal year.

Hedge Funds Weigh In On Campbell Soup

A number of hedge funds have recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in Campbell Soup by 1.8% during the 1st quarter. Perigon Wealth Management LLC now owns 11,215 shares of the company’s stock worth $617,000 after acquiring an additional 193 shares during the last quarter. Pathstone Family Office LLC boosted its holdings in Campbell Soup by 0.8% during the 4th quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock worth $1,439,000 after acquiring an additional 199 shares during the last quarter. Vantage Consulting Group Inc boosted its holdings in Campbell Soup by 5.1% during the 1st quarter. Vantage Consulting Group Inc now owns 4,157 shares of the company’s stock worth $229,000 after acquiring an additional 200 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Campbell Soup by 0.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 45,001 shares of the company’s stock worth $2,553,000 after acquiring an additional 213 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Campbell Soup by 0.4% during the 1st quarter. Stifel Financial Corp now owns 54,220 shares of the company’s stock worth $2,981,000 after acquiring an additional 216 shares during the last quarter. 50.73% of the stock is owned by hedge funds and other institutional investors.

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.