Deutsche Bank Aktiengesellschaft raised its price target on Campbell Soup (NYSE:CPB) to $50.00.
In a research note released on Monday, analysts at Deutsche Bank Aktiengesellschaft raised their price target on Campbell Soup (NYSE:CPB) from $49.00 to $50.00. The Fly reported it. According to Deutsche Bank Aktiengesellschaft’s price target, the company is looking to make a profit by seeing a price reduction of 2.55% from its current trading level.
Shares of other companies that provide essential goods and services are expected to do better due to the success of Campbell Soup Company. Recent studies on CPB have been the subject of articles produced by many other research institutes. In a research note published on June 9, Stifel Nicolaus raised his price target on Campbell Soup from $40.00 to $40.00. This change was made to reflect the recent rise in the company’s stock price. In a research report released Monday, June 13, Piper Sandler raised her price target on Campbell Soup from $45.00 to $47.00.
The brokerage also gave the company a “neutral” rating. In a research note published on June 9, UBS Group announced its decision to raise its price target for Campbell Soup to $43.00. On May 14, Bloomberg updated their recommendation for Campbell Soup to “buy,” which was previously an “expectation,” which was their previous rating for the company.
Citigroup gave the company a “neutral” rating in a research note released Thursday, June 9, and raised its price target for Campbell Soup from $46.00 to $50.00. The research note has been made public. Both of these modifications were executed with the business in mind.
Two research experts said investors should sell their shares in the company, eight others suggested shareholders should keep their shares, and only one analyst said investors should buy shares. According to Bloomberg, the stock’s average rating has been changed to “Hold”, and the consensus for the price target is $46.20.
The ratio of Campbell Soup’s cost to effectiveness On Monday, the NYSE CPB opened at $51.31, which held steady throughout the day. The company had an average moving price of $48.50 over the past 50 days, which decreased to $46.66 over the past 200 days.
The current ratio is 0.69, the quick ratio is 0.30 and the debt ratio is 1.18. The three ratios are quite close to each other. There is not much difference between the three ratios. Over the past year, the cost of a can of Campbell’s Soup has fluctuated from a low of $39.76 to a high of $51.94 at various times.
The company has a price-earnings ratio of 16.39, a growth price-earnings ratio of 15.27 and a beta value of 0.37. Its market value is $15.42 billion. There will be a significant advance from Campbell Soup stocks very soon On June 8, the latest publicly available quarterly report from Campbell Soup (NYSE:CPB) was made available.
The company reported earnings per share for the quarter of $0.70, $0.09 higher than market analysts’ estimate, which had forecast earnings per share of $0.61 for the period. Campbell Soup Company’s return on equity was 26.07%, while the company’s net margin was 11.23%.
Revenue generated by the company for the quarter was $2.13 billion, well above the consensus estimate of $2.04 billion in revenue for the period. The company reported earnings of $0.57 per share for the same period last year, which was the same as the current year.
The company’s annual sales growth rate in the third quarter was 7.4% higher than a year earlier. According to projections by industry analysts, the current fiscal year should result in earnings of $2.84 per share for Campbell Soup Company. Insiders can predict the future.
Additionally, on Tuesday, August 9, Executive Vice President Adam G. Ciongoli sold 17,924 shares of Campbell Soup. The price that was set for each share was determined to be $50.01, resulting in a total sale amount of $896,379.24.
Following the successful completion of the transaction, the executive vice president was able to purchase 129,919 shares of the company. The total value of these shares is equal to $6,497,249.19. By following the link provided in the previous row, you will be able to review the filing with the Securities and Exchange Commission that made the transaction public.
In related news, Executive Vice President Craig Slavtcheff sold 13,110 shares of the company on June 23. This constitutes another piece of information regarding Campbell Soup. The sale of shares was completed at an average price of $47.00 per share resulting in a transaction producing a total value of $616,170.00.
The executive vice president now owns 32,242 company shares, which have a combined value of $1,515,374, as a direct result of the transaction. You will be able to obtain additional information regarding the transaction if you click on the link provided to you.
This link will take you to an official document filed with the Securities and Exchange Commission. On top of that, Executive Vice President Adam G. Ciongoli sold 17,924 shares of Campbell Soup on Tuesday, August 9. The total amount obtained from the sale of the shares was $896,379.24 and the price paid for each share, on average, was $50.01.
Following completion of the transaction, the executive vice president now owns a total of 129,919 shares of the company, each of which is worth approximately $6,497,249.19 at present. Disclosures related to the sale can be found in this section of the website.
Company insiders have unloaded 73,563 shares with a combined value of $3,612,348 over the past three months and ninety days. Insiders of the company hold 35.62% of the total shares. Transactions that take place within one organization, The Campbell Soup Company, currently make its Campbell Soup High-Yield product available for purchase.
Over the past several months, various institutional investors, including hedge funds and other types of investment vehicles, have traded in the company’s stock, both buying and selling. The value of Parkside Financial Bank & Trust’s shares in Campbell Soup rose 149.8% in the first three months of 2018 alone.
Parkside Financial Bank & Trust Company now owns 597 shares of the company, each worth about $27,000. This stems from the bank’s purchase of 358 shares during the quarter. Core Wealth Advisors, Inc. made a new investment of $29,000 during the fourth quarter to acquire a new stake in Campbell Soup.
This news comes from the bank’s purchase of additional shares during the quarter. During the second quarter of this year, CX Institutional paid $35,000 to buy a new investment in Campbell Soup. This acquisition has taken place. ACG Wealth purchased one share of Campbell Soup Company for $36,000 during the second quarter of the fiscal year.
In the final stage of this process, M&R Capital Management Inc., the company that was in charge of the final stage of this process, invested $44,000 in new investment in Campbell Soup during the first quarter of this year. The percentage of the company’s total capital held by the institutions amounts to 51.89% of the total.
With respect to Campbell’s Soup Company, The Campbell Soup Company and its subsidiaries and affiliates manufacture and sell food and beverage products in the United States of America and other countries throughout the world. These operations take place in more than 100 countries. Snacks, meals and beverages are considered here as separate business lines of the organization in question.
In the United States and Canada, the food and beverage sector is found in the retail and restaurant sectors of the economies of those respective countries.