Campbell Soup Company (CPB) Coverage Initiated by Analysts at Deutsche Bank AG

A worker arranges cans of Campbell's soup on a supermarket shelf in San Rafael California

Campbell Soup Company (NYSE:CPB) had its stock rating reiterated as "Sector Perform" in a report released by analysts at RBC Capital Markets.

Campbell Soup Company has a consensus hold rating from 15 Wall Street analysts, and the number of shares now sold short amount to at least 4.84% of shares outstanding. As per the consensus estimate, the company's year-on-year revenue growth is expected to be at 0.91% during the period.

There are now 307,051,000 shares in issue with a current share value of 63.03 giving Campbell Soup Company a market capitalisation of 19.35B United States dollars.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BB&T Corp increased its position in shares of Campbell Soup Company by 180.6% in the second quarter.

CBL & Associates Properties Inc. has distance from 20-day Simple Moving Average (SMA20) of -0.57%, Distance from 50-Day Simple Moving Average of -5.23 percent and Distance from 200-Day Simple Moving Average of -4.57%. Zacks Investment Research downgraded shares of Campbell Soup Company from a buy rating to a hold rating in a research report on Thursday, December 8th. Analysts set a 12-month price target of $80.04 a share. Discover Financial Services has 14 buy ratings, 6 holds and 0 sells even after the stock tumbled -4.17% from its high of $74.33 to a $28.02 billion market value through 2/15/2017. Huntington National Bank increased its position in Campbell Soup Company by 2.5% in the second quarter. Campbell Soup Company has a 52-week low of $52.59 and a 52-week high of $67.89. Public Employees Retirement Association of Colorado now owns 41,974 shares of the company's stock worth $2,793,000 after buying an additional 400 shares during the last quarter. The target implies a 12.86% spike from where the shares are now trading. Finally, Fiera Capital Corp boosted its stake in shares of Campbell Soup Company by 1.5% in the fourth quarter. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell). Huntington National Bank now owns 7,687 shares of the company's stock valued at $511,000 after buying an additional 184 shares during the period. Its last month's stock price volatility remained 1.42% which for the week approaches 1.64. Analysts expect that Campbell Soup Company will post $3.08 EPS for the current year. During the same quarter in the previous year, the company earned $0.95 EPS. The business's revenue was up.0% on a year-over-year basis. It also develops biotechnology traits that assist farmers in controlling insects and weeds in corn, soybean, cotton, and canola crops under the SmartStax, YieldGard, YieldGard VT Triple, VT Triple PRO, and VT Double PRO brands; Intacta RR2 PRO brand; Bollgard and Bollgard II brands; Roundup Ready, Roundup Ready 2 Yield, and Genuity brands; and Roundup Ready 2 Xtend and Bollgard II XtendFlex brands.

Campbell Soup Company (NYSE:CPB) last issued its quarterly earnings data on Tuesday, November 22nd.

The 14 analysts offering 12-month price forecasts for Campbell Soup Co have a median target of 61.00, with a high estimate of 72.00 and a low estimate of 50.00. If you are viewing this piece of content on another website, it was illegally stolen and republished in violation of US and global copyright and trademark laws. The transaction was disclosed in a document filed with the SEC, which is available through this link. Following the completion of the sale, the senior vice president now owns 33,760 shares in the company, valued at $2,036,065.60. The analyst recommendations from a month ago are 0 Buy, 1 Strong Buy, 1 Sell, 2 Hold and 8.

On 11/17/2016 Campbell Soup Company announced a quarterly dividend of $0.35 2.58% with an ex dividend date of 1/9/2017 which will be payable on 1/30/2017. The Company's segments include U.S. Simple Meals; Global Baking and Snacking; International Simple Meals and Beverages; U.S. Beverages and Bolthouse and Foodservice. Campbell Soup Company (CPB) has made its way to a 12-month gain of 6.48%.



Other news