Campbell Soup (NASDAQ:CPB) Given New $43.00 Price Target at Wells Fargo & Company

Campbell Soup (NASDAQ:CPB) had its target price lowered by analysts at Wells Fargo & Company from $45.00 to $43.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 6.02% from the company’s current price.

Other equities research analysts have also issued reports about the stock. DA Davidson reiterated a “neutral” rating and issued a $51.00 price target on shares of Campbell Soup in a research note on Wednesday, December 4th. Stifel Nicolaus dropped their price objective on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 5th. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. TD Cowen boosted their price target on Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research note on Thursday, September 12th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.75.

Campbell Soup Trading Up 0.1 %

NASDAQ:CPB traded up $0.06 during trading hours on Tuesday, hitting $40.56. 457,119 shares of the stock were exchanged, compared to its average volume of 1,787,256. The company has a market capitalization of $12.09 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19. Campbell Soup has a twelve month low of $40.26 and a twelve month high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The company’s 50 day moving average is $43.85 and its two-hundred day moving average is $46.66.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the sale, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Campbell Soup

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Campbell Soup in the second quarter valued at $32,000. nVerses Capital LLC purchased a new position in shares of Campbell Soup during the third quarter valued at approximately $34,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup during the third quarter valued at approximately $39,000. Sentry Investment Management LLC bought a new stake in shares of Campbell Soup during the 2nd quarter worth approximately $44,000. Finally, Friedenthal Financial purchased a new position in Campbell Soup during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Company Profile

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.