Analysts Set The Campbell's Company (NASDAQ:CPB) Price Target at $40.11

Shares of The Campbell's Company (NASDAQ:CPB - Get Free Report) have earned an average rating of "Hold" from the twenty ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.11.

CPB has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Campbell's from $43.00 to $39.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. Royal Bank Of Canada dropped their price target on shares of Campbell's from $44.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Tuesday, June 3rd. BNP Paribas raised Campbell's to a "strong sell" rating in a research note on Wednesday, February 26th. UBS Group began coverage on shares of Campbell's in a research report on Wednesday, April 23rd. They set a "sell" rating and a $36.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on shares of Campbell's from $40.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 30th.

Insider Activity at Campbell's

In other news, EVP Charles A. Brawley III sold 2,498 shares of the business'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 sale, the executive vice president now owns 37,590 shares of the company's stock, valued at $1,504,727.70. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 20.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Campbell's

Several hedge funds have recently bought and sold shares of CPB. Howe & Rusling Inc. grew its stake in shares of Campbell's by 3.5% during the first quarter. Howe & Rusling Inc. now owns 11,786 shares of the company's stock valued at $470,000 after buying an additional 400 shares during the last quarter. Inspire Investing LLC raised its position in shares of Campbell's by 27.1% in the 1st quarter. Inspire Investing LLC now owns 7,835 shares of the company's stock worth $313,000 after acquiring an additional 1,669 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Campbell's by 333.3% during the 1st 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. SageView Advisory Group LLC bought a new stake in Campbell's during the first quarter worth about $205,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Campbell's in the 1st quarter worth approximately $354,000. 52.35% of the stock is currently owned by institutional investors.

Campbell's Price Performance

NASDAQ:CPB traded down $0.44 during trading hours on Friday, reaching $31.82. 4,119,361 shares of the company traded hands, compared to its average volume of 2,963,098. The stock has a market cap of $9.49 billion, a P/E ratio of 21.07, a P/E/G ratio of 9.41 and a beta of 0.11. The firm's 50-day moving average is $35.37 and its 200-day moving average is $38.36. Campbell's has a 1-year low of $31.81 and a 1-year high of $52.81. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.78 and a quick ratio of 0.33.

Campbell's (NASDAQ:CPB - Get Free Report) last posted its quarterly earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell's had a return on equity of 23.22% and a net margin of 4.44%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities research analysts expect that Campbell's will post 3.15 earnings per share for the current fiscal year.

Campbell's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Thursday, July 3rd. Campbell's's dividend payout ratio is currently 103.31%.

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.