The Campbell’s Company (NASDAQ:CPB) has received an average rating of “Reduce” from the twenty analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $39.11. \n\nSeveral research analysts have recently commented on CPB shares. Evercore ISI lowered their price target on Campbell’s from $46.00 to $41.00 and set an “in-line” rating for the company in a research report on Thursday, May 29th. UBS Group initiated coverage on Campbell’s in a research note on Wednesday, April 23rd. They issued a “sell” rating and a $36.00 price objective on the stock. Royal Bank Of Canada reduced their price objective on Campbell’s from $44.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 3rd. Stephens reduced their price objective on Campbell’s from $48.00 to $43.00 in a research note on Wednesday, May 28th. Finally, Barclays reduced their price objective on Campbell’s from $35.00 to $30.00 and set an “underweight” rating on the stock in a research note on Monday, July 14th.\n\nInstitutional Trading of Campbell’s\nHedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors acquired a new stake in shares of Campbell’s during the first quarter worth about $410,000. Teacher Retirement System of Texas acquired a new stake in shares of Campbell’s during the first quarter worth about $1,131,000. KBC Group NV increased its position in shares of Campbell’s by 182.0% during the first quarter. KBC Group NV now owns 498,216 shares of the company’s stock worth $19,889,000 after purchasing an additional 321,520 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Campbell’s by 13.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,865 shares of the company’s stock worth $1,027,000 after purchasing an additional 3,010 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Campbell’s by 24.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,366 shares of the company’s stock worth $534,000 after purchasing an additional 2,614 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.\n\nCampbell’s Trading Up 1.3%\nCPB opened at $32.33 on Friday. Campbell’s has a 52 week low of $29.39 and a 52 week high of $52.81. The business has a fifty day simple moving average of $32.29 and a 200-day simple moving average of $36.04. The firm has a market cap of $9.64 billion, a P/E ratio of 21.41, a P/E/G ratio of 9.44 and a beta of 0.08. The company has a quick ratio of 0.33, a current ratio of 0.78 and a debt-to-equity ratio of 1.57.\n\nCampbell’s (<a>NASDAQ:CPB</a> – <a>Get Free Report</a>) last released its quarterly earnings results on Monday, June 2nd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Campbell’s had a return on equity of 23.22% and a net margin of 4.44%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the business posted $0.75 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that Campbell’s will post 3.15 earnings per share for the current year.\n\nCampbell’s Dividend Announcement\nThe company also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.8%. Campbell’s’s payout ratio is 103.31%.\n\nAbout Campbell’s\n(<a>Get Free Report</a>\n\nThe 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.

The Campbell’s Company (NASDAQ:CPB) Given Average Recommendation of “Reduce” by Brokerages

The Campbell’s Company (NASDAQ:CPB) received an average 'Reduce' rating from 20 analysts, with 5 selling, 11 holding, and 4 buying recommendations. Analysts adjusted price targets, including Evercore ISI lowering its target to $41.00 and UBS initiating coverage with a 'sell' rating. Institutional investors increased stakes, and the company reported Q2 earnings exceeding estimates. The stock closed at $32.33, with a 52-week range of $29.39 to $52.81. The company announced a $1.56 annual dividend, with a payout ratio of 103.31%.