Campbell Soup (CPB) Cut to “Strong Sell” at ValuEngine

ValuEngine lowered shares of Campbell Soup (NYSE:CPB) from a sell rating to a strong sell rating in a report issued on Monday.

Several other research firms have also commented on CPB. Wells Fargo & Co set a $42.00 price target on shares of Campbell Soup and gave the company a hold rating in a report on Monday, November 26th. Piper Jaffray Companies set a $37.00 price target on shares of Campbell Soup and gave the company a sell rating in a report on Monday, November 26th. Deutsche Bank restated a hold rating on shares of Campbell Soup in a report on Tuesday, November 27th. Credit Suisse Group raised their price target on shares of Campbell Soup from $33.00 to $36.00 and gave the company an underperform rating in a report on Wednesday, November 21st. Finally, Zacks Investment Research lowered shares of Campbell Soup from a buy rating to a hold rating in a research note on Wednesday, January 23rd. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $38.15.

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NYSE CPB opened at $36.21 on Monday. Campbell Soup has a one year low of $32.03 and a one year high of $44.63. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.35 and a current ratio of 0.69. The company has a market capitalization of $9.88 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 2.41 and a beta of 0.43.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07. Campbell Soup had a net margin of 1.95% and a return on equity of 53.81%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter last year, the firm posted $1.00 earnings per share. Campbell Soup’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities research analysts predict that Campbell Soup will post 2.46 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Third Point LLC grew its position in shares of Campbell Soup by 16.7% during the fourth quarter. Third Point LLC now owns 21,000,000 shares of the company’s stock worth $692,790,000 after buying an additional 3,000,000 shares in the last quarter. Vanguard Group Inc grew its position in shares of Campbell Soup by 1.1% during the third quarter. Vanguard Group Inc now owns 20,757,540 shares of the company’s stock worth $760,348,000 after buying an additional 221,311 shares in the last quarter. BlackRock Inc. grew its position in shares of Campbell Soup by 3.1% during the fourth quarter. BlackRock Inc. now owns 14,816,506 shares of the company’s stock worth $488,794,000 after buying an additional 440,312 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Campbell Soup by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 6,723,599 shares of the company’s stock worth $221,812,000 after buying an additional 446,435 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. grew its position in shares of Campbell Soup by 0.6% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,846,190 shares of the company’s stock worth $6,880,000 after buying an additional 18,302 shares in the last quarter. Institutional investors own 53.82% of the company’s stock.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.

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