Royal Bank of Canada Cuts Campbell's (NASDAQ:CPB) Price Target to $38.00

Campbell's (NASDAQ:CPB - Get Free Report) had its price objective reduced by equities research analysts at Royal Bank of Canada from $44.00 to $38.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Royal Bank of Canada's target price suggests a potential upside of 11.37% from the stock's previous close.

Other analysts also recently issued research reports about the stock. Stephens cut their price target on shares of Campbell's from $48.00 to $43.00 in a report on Wednesday, May 28th. Wells Fargo & Company decreased their price target on shares of Campbell's from $40.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. BNP Paribas raised Campbell's to a "strong sell" rating in a research report on Wednesday, February 26th. Stifel Nicolaus decreased their target price on shares of Campbell's from $40.00 to $38.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Barclays decreased their target price on shares of Campbell's from $40.00 to $35.00 and set an "underweight" rating on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $40.39.

Campbell's Trading Down 0.5%

Shares of Campbell's stock traded down $0.16 during trading on Tuesday, reaching $34.12. 3,933,032 shares of the company were exchanged, compared to its average volume of 2,916,700. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 2.71 and a beta of 0.14. The business has a 50-day moving average price of $36.31 and a 200-day moving average price of $39.14. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell's has a twelve month low of $32.95 and a twelve month high of $52.81.

Campbell's (NASDAQ:CPB - Get Free Report) last released its earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Campbell's had a return on equity of 23.79% and a net margin of 5.57%. The firm had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Campbell's will post 3.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Charles A. Brawley III sold 2,498 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $40.03, for a total transaction of $99,994.94. Following the transaction, the executive vice president now owns 37,590 shares of the company's stock, valued at approximately $1,504,727.70. This represents a 6.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 20.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On Campbell's

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC lifted its position in Campbell's by 923.2% during the first quarter. Manchester Capital Management LLC now owns 706 shares of the company's stock valued at $28,000 after purchasing an additional 637 shares during the period. NBC Securities Inc. acquired a new stake in shares of Campbell's in the first quarter valued at approximately $31,000. Sherman Asset Management Inc. acquired a new position in Campbell's in the 4th quarter valued at about $36,000. Principal Securities Inc. increased its position in shares of Campbell's by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after purchasing an additional 290 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Campbell's by 333.3% in the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock valued at $39,000 after buying an additional 750 shares in the last quarter. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

About Campbell's

The Campbell's Company, formerly known as 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.