Brokerages Set Campbell Soup (NYSE:CPB) PT at $46.38

Shares of Campbell Soup (NYSE:CPB) have been assigned an average recommendation of “Reduce” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $46.38.

A number of equities analysts have commented on CPB shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Thursday, March 14th. JPMorgan Chase & Co. upped their price target on shares of Campbell Soup from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Piper Sandler reissued a “neutral” rating and set a $47.00 price target on shares of Campbell Soup in a research report on Tuesday, March 26th. DA Davidson began coverage on shares of Campbell Soup in a research report on Friday, March 1st. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, TheStreet upgraded shares of Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd.

Institutional Trading of Campbell Soup

Several hedge funds and other institutional investors have recently made changes to their positions in CPB. Asset Management One Co. Ltd. grew its holdings in shares of Campbell Soup by 13.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company’s stock valued at $13,154,000 after buying an additional 36,108 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Campbell Soup by 326.8% in the 4th quarter. Cerity Partners LLC now owns 249,316 shares of the company’s stock worth $10,778,000 after purchasing an additional 190,901 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Campbell Soup by 7.2% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 213,155 shares of the company’s stock worth $8,756,000 after purchasing an additional 14,271 shares in the last quarter. Washington Capital Management Inc. increased its holdings in Campbell Soup by 126.2% in the 4th quarter. Washington Capital Management Inc. now owns 24,725 shares of the company’s stock worth $1,069,000 after buying an additional 13,795 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Campbell Soup by 6.6% during the 3rd quarter. Nordea Investment Management AB now owns 1,089,067 shares of the company’s stock valued at $44,913,000 after acquiring an additional 67,375 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Price Performance

Shares of Campbell Soup stock opened at $43.31 on Monday. 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 52-week low of $37.94 and a 52-week high of $55.52. The company has a fifty day moving average of $42.91 and a 200-day moving average of $42.33. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.79 and a beta of 0.24.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. Equities research analysts expect that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.42%. Campbell Soup’s payout ratio is 57.81%.

About Campbell Soup

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.