Morgan Stanley Begins Coverage on Campbell Soup (NASDAQ:CPB)

Stock analysts at Morgan Stanley started coverage on shares of Campbell Soup (NASDAQ:CPB) in a report issued on Monday,Benzinga reports. The firm set an “equal weight” rating and a $40.00 price target on the stock. Morgan Stanley’s target price points to a potential upside of 4.77% from the company’s previous close.

CPB has been the topic of a number of other reports. JPMorgan Chase & Co. cut Campbell Soup from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $48.00 to $37.00 in a report on Thursday, March 6th. Bank of America dropped their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research note on Thursday, March 6th. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. DA Davidson dropped their price target on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, Barclays cut their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup has a consensus rating of “Hold” and an average price target of $44.86.

Campbell Soup Trading Up 0.3 %

NASDAQ:CPB opened at $38.18 on Monday. Campbell Soup has a 12 month low of $36.92 and a 12 month high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.71 and a beta of 0.15. The firm has a fifty day simple moving average of $39.06 and a two-hundred day simple moving average of $43.32.

Campbell Soup (NASDAQ:CPB) last issued its earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts expect that Campbell Soup will post 3.15 EPS for the current fiscal year.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.19% of the company’s stock.

Institutional Investors Weigh In On Campbell Soup

A number of hedge funds have recently modified their holdings of CPB. Sherman Asset Management Inc. bought a new stake in Campbell Soup in the 4th quarter valued at about $36,000. Principal Securities Inc. raised its position in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after purchasing an additional 290 shares during the period. Kentucky Trust Co purchased a new stake in shares of Campbell Soup during the 4th quarter valued at approximately $42,000. Quent Capital LLC lifted its stake in shares of Campbell Soup by 77.7% during the 4th quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after buying an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Campbell Soup in the 4th quarter worth approximately $47,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Company Profile

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.