Stifel Nicolaus Cuts Campbell's (NASDAQ:CPB) Price Target to $38.00

Campbell's (NASDAQ:CPB - Free Report) had its target price lowered by Stifel Nicolaus from $40.00 to $38.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other analysts also recently weighed in on the stock. Bank of America cut their price target on shares of Campbell's from $37.00 to $33.00 and set an "underperform" rating for the company in a report on Tuesday. UBS Group began coverage on shares of Campbell's in a report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price target for the company. Barclays cut their price target on shares of Campbell's from $40.00 to $35.00 and set an "underweight" rating for the company in a report on Tuesday. BNP Paribas raised shares of Campbell's to a "strong sell" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley cut their price target on shares of Campbell's from $40.00 to $35.00 and set an "equal weight" rating for the company in a report on Tuesday. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.39.

Campbell's Stock Performance

Shares of NASDAQ:CPB traded up $0.02 on Tuesday, reaching $34.28. 4,324,900 shares of the company's stock were exchanged, compared to its average volume of 2,912,637. The company has a fifty day moving average of $36.31 and a 200-day moving average of $39.14. Campbell's has a twelve month low of $32.95 and a twelve month high of $52.81. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 2.71 and a beta of 0.14. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell's (NASDAQ:CPB - Get Free Report) last announced its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Campbell's had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business's revenue was up 4.5% compared to the same quarter last year. On average, research analysts predict that Campbell's will post 3.15 EPS for the current fiscal year.

Campbell's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Thursday, July 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.55%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio (DPR) is currently 90.17%.

Insider Buying and Selling at Campbell's

In other Campbell's news, EVP Charles A. Brawley III sold 2,498 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $40.03, for a total value of $99,994.94. Following the completion of the transaction, the executive vice president now directly owns 37,590 shares in the company, valued at approximately $1,504,727.70. This represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 20.19% of the company's stock.

Hedge Funds Weigh In On Campbell's

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB increased its position in Campbell's by 161.8% in the 4th quarter. Handelsbanken Fonder AB now owns 186,277 shares of the company's stock valued at $7,801,000 after acquiring an additional 115,122 shares during the period. ING Groep NV acquired a new stake in shares of Campbell's during the fourth quarter worth $1,062,000. Hussman Strategic Advisors Inc. increased its position in shares of Campbell's by 133.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company's stock worth $6,156,000 after buying an additional 84,000 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Campbell's by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,787,481 shares of the company's stock worth $74,860,000 after buying an additional 21,849 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Campbell's by 56.9% during the fourth quarter. Deutsche Bank AG now owns 2,662,547 shares of the company's stock worth $111,507,000 after buying an additional 966,044 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.