Campbell Soup (NYSE:CPB) – Research analysts at Piper Jaffray Companies decreased their Q4 2020 earnings per share estimates for shares of Campbell Soup in a research report issued on Wednesday, June 5th, Zacks Investment Research reports. Piper Jaffray Companies analyst M. Lavery now expects that the company will earn $0.45 per share for the quarter, down from their previous estimate of $0.50.
Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Campbell Soup had a return on equity of 54.23% and a net margin of 3.19%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share.
A number of other analysts have also recently issued reports on the company. UBS Group set a $36.00 price objective on Campbell Soup and gave the company a “sell” rating in a research report on Thursday, June 6th. ValuEngine cut Campbell Soup from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research cut Campbell Soup from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Evercore ISI began coverage on Campbell Soup in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $43.00 price target for the company. Finally, Wells Fargo & Co boosted their price target on Campbell Soup from $38.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, June 6th. Seven investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Campbell Soup has a consensus rating of “Hold” and a consensus price target of $40.36.
CPB traded up $0.32 during trading on Friday, reaching $40.07. 3,221,353 shares of the stock traded hands, compared to its average volume of 3,408,864. The stock has a market cap of $11.97 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 3.12 and a beta of 0.46. Campbell Soup has a fifty-two week low of $32.03 and a fifty-two week high of $43.98. The company has a debt-to-equity ratio of 6.07, a quick ratio of 0.36 and a current ratio of 0.62. The firm’s 50-day moving average price is $39.68.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, July 12th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.49%. Campbell Soup’s dividend payout ratio is currently 48.78%.
In other news, VP Stanley Polomski sold 9,732 shares of Campbell Soup stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $41.01, for a total value of $399,109.32. Following the transaction, the vice president now directly owns 24,540 shares in the company, valued at $1,006,385.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Randall W. Larrimore sold 3,400 shares of Campbell Soup stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $41.36, for a total value of $140,624.00. The disclosure for this sale can be found here. 37.20% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Redwood Investment Management LLC grew its stake in Campbell Soup by 18.7% during the 1st quarter. Redwood Investment Management LLC now owns 25,970 shares of the company’s stock valued at $990,000 after purchasing an additional 4,087 shares in the last quarter. Quantinno Capital Management LP bought a new position in Campbell Soup during the 1st quarter worth approximately $543,000. Champlain Investment Partners LLC lifted its holdings in Campbell Soup by 3.2% during the 1st quarter. Champlain Investment Partners LLC now owns 1,939,815 shares of the company’s stock worth $73,965,000 after buying an additional 59,380 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in Campbell Soup by 26.8% during the 1st quarter. Wealthfront Advisers LLC now owns 39,418 shares of the company’s stock worth $1,503,000 after buying an additional 8,320 shares during the last quarter. Finally, O Shares Investment Advisers LLC lifted its holdings in Campbell Soup by 3.0% during the 1st quarter. O Shares Investment Advisers LLC now owns 10,412 shares of the company’s stock worth $397,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 52.05% of the company’s stock.
Campbell Soup Company Profile
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.