Campbell Soup (NYSE:CPB) Receives Average Recommendation of “Reduce” from Analysts

Shares of Campbell Soup (NYSE:CPBGet Free Report) have been given a consensus rating of “Reduce” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $46.38.

CPB has been the topic of a number of recent research reports. DA Davidson initiated coverage on shares of Campbell Soup in a research note on Friday, March 1st. They set a “buy” rating and a $48.00 target price on the stock. Evercore ISI began coverage on shares of Campbell Soup in a research report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 target price on the stock. Wells Fargo & Company began coverage on shares of Campbell Soup in a research report on Tuesday, December 12th. They set an “equal weight” rating and a $47.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Citigroup began coverage on shares of Campbell Soup in a research report on Thursday, February 1st. They set a “sell” rating and a $41.00 target price on the stock.

Check Out Our Latest Stock Report on CPB

Institutional Investors Weigh In On Campbell Soup

A number of institutional investors have recently made changes to their positions in CPB. Pathstone Family Office LLC grew its holdings in Campbell Soup by 0.8% in the 4th quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock valued at $1,439,000 after buying an additional 199 shares during the last quarter. Stifel Financial Corp grew its holdings in Campbell Soup by 0.4% in the 1st quarter. Stifel Financial Corp now owns 54,220 shares of the company’s stock valued at $2,981,000 after buying an additional 216 shares during the last quarter. Inspire Investing LLC grew its holdings in Campbell Soup by 3.1% in the 3rd quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock valued at $365,000 after buying an additional 267 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Campbell Soup by 0.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 38,244 shares of the company’s stock worth $1,802,000 after purchasing an additional 268 shares in the last quarter. Finally, Bedel Financial Consulting Inc. grew its holdings in shares of Campbell Soup by 5.8% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 4,982 shares of the company’s stock worth $228,000 after purchasing an additional 273 shares in the last quarter. 50.73% of the stock is currently owned by institutional investors.

Campbell Soup Price Performance

Shares of NYSE CPB opened at $43.35 on Thursday. The firm has a market cap of $12.92 billion, a PE ratio of 16.93, a PEG ratio of 3.25 and a beta of 0.24. The firm has a fifty day moving average of $43.07 and a 200 day moving average of $42.12. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. Campbell Soup has a one year low of $37.94 and a one year high of $56.04.

Campbell Soup (NYSE:CPBGet Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, research analysts predict that Campbell Soup will post 3.06 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup’s payout ratio is 57.81%.

About Campbell Soup

(Get Free Report

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.

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Analyst Recommendations for Campbell Soup (NYSE:CPB)

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