Rating Report: Campbell Soup (NYSE:CPB) “Sector Perform” Rating Maintained by Analysts at RBC Capital Mkts; With $60 Target

November 28, 2016 - By Vivian Park

Rating Report: Campbell Soup (NYSE:CPB)

Campbell Soup (NYSE:CPB) Rating

New York: In an analyst note issued to clients on Monday, 28 November, RBC Capital Mkts maintained their “Sector Perform” rating on shares of Campbell Soup (NYSE:CPB). They currently have a $60 target price on the firm. RBC Capital Mkts’s target would indicate a potential upside of 4.31% from the company’s current stock price.

Campbell Soup Company (NYSE:CPB) Ratings Coverage

Out of 10 analysts covering Campbell Soup (NYSE:CPB), 1 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 10% are positive. $65 is the highest target while $46 is the lowest. The $55.40 average target is -3.69% below today’s ($57.52) stock price. Campbell Soup has been the topic of 20 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was upgraded by Argus Research to “Buy” on Tuesday, December 1. RBC Capital Markets maintained it with “Sector Perform” rating and $58 target price in Friday, September 2 report. The company was downgraded on Friday, January 15 by Barclays Capital. The firm has “Sector Perform” rating given on Friday, September 4 by RBC Capital Markets. The firm earned “Overweight” rating on Tuesday, January 19 by JP Morgan. On Wednesday, February 24 the stock rating was initiated by UBS with “Sell”. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, November 23 report. The firm earned “Sell” rating on Friday, September 2 by UBS. On Thursday, February 18 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was upgraded on Friday, September 4 by Citigroup.

The stock increased 1.23% or $0.7 on November 25, hitting $57.52. Campbell Soup Company (NYSE:CPB) has declined 5.77% since April 25, 2016 and is downtrending. It has underperformed by 11.78% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.10, from 1.05 in 2016Q1. The ratio dived, as 48 funds sold all Campbell Soup Company shares owned while 170 reduced positions. 39 funds bought stakes while 189 increased positions. They now own 133.90 million shares or 0.46% more from 133.29 million shares in 2016Q1.

Highbridge Capital Management Lc has invested 0.26% of its portfolio in Campbell Soup Company (NYSE:CPB). Salient Com Lta accumulated 0.16% or 23,000 shares. Pictet Asset Mngmt holds 0.04% of its portfolio in Campbell Soup Company (NYSE:CPB) for 155,606 shares. Voya Investment Mgmt Ltd Liability holds 245,875 shares or 0.04% of its portfolio. Moreover, Gateway Inv Advisers Llc has 0.01% invested in Campbell Soup Company (NYSE:CPB) for 13,306 shares. Mufg Americas Hldg has 4,425 shares for 0.01% of their US portfolio. Duncker Streett & Communication holds 2,000 shares or 0.05% of its portfolio. Moreover, Bridgewater Associates Lp has 0.05% invested in Campbell Soup Company (NYSE:CPB) for 54,114 shares. Moreover, Texas Permanent School Fund has 0.05% invested in Campbell Soup Company (NYSE:CPB) for 58,174 shares. Dai Ichi Life Limited holds 0.07% or 36,995 shares in its portfolio. Hexavest holds 0.01% or 5,280 shares in its portfolio. Bowen Hanes holds 0.03% or 9,100 shares in its portfolio. Cambridge Advsr Incorporated owns 14,419 shares or 0.02% of their US portfolio. Assetmark Inc last reported 0.01% of its portfolio in the stock. Veritable L P accumulated 0.01% or 7,865 shares.

Insider Transactions: Since September 2, 2016, the stock had 0 insider buys, and 5 selling transactions for $2.10 million net activity. Barroso Carlos sold 1,600 shares worth $92,288. Shares for $130,443 were sold by Carolan Edward on Friday, September 30. O’Shea William J also sold $750,620 worth of Campbell Soup Company (NYSE:CPB) shares. Another trade for 11,255 shares valued at $651,327 was sold by Mignini Luca. 8,459 shares were sold by Dunn Jeff, worth $475,734.

Campbell Soup Company is a food company, which makes and markets food products. The company has a market cap of $17.91 billion. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. It has a 27.08 P/E ratio. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

According to Zacks Investment Research, “Campbell Soup Company, together with its consolidated subsidiaries, is a global manufacturer and marketer of high quality, branded convenience food products. The company operates in three business segments: Soup and Sauces, Biscuits and Confectionery, and Away From Home.”

CPB Company Profile

Campbell Soup Company, incorporated on November 23, 1922, is a food company. The Firm is a maker and marketer of food products. The Company’s divisions include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Firm makes a range of products from soups and simple meals to snacks and healthy beverages. The Company’s brands include Campbell’s, Garden Fresh Gourmet, Goldfish, Milano, Pace, Pepperidge Farm, Plum Organics, Prego, SpaghettiOs, Swanson and V8 Beverages.

Another recent and important Campbell Soup Company (NYSE:CPB) news was published by Wsj.com which published an article titled: “Campbell Soup Profit Higher Despite Weak Demand” on November 22, 2016.

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