The Campbell Soup Company (NASDAQ:CPB) Receives $50.17 Consensus Target Price from Analysts

The Campbell Soup Company (NASDAQ:CPB) has received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $50.17.

CPB has been the topic of a number of research analyst reports. DA Davidson reiterated a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Citigroup dropped their price objective on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Wells Fargo & Company dropped their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Monday, December 2nd.

Campbell Soup Stock Performance

Shares of CPB opened at $38.61 on Friday. The stock has a 50 day moving average of $40.22 and a 200 day moving average of $45.31. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.59 and a beta of 0.19. Campbell Soup has a 12 month low of $36.92 and a 12 month high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. As a group, sell-side analysts forecast that Campbell Soup will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.04%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is currently 85.25%.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 20.19% of the company’s stock.

Institutional Investors Weigh In On Campbell Soup

Institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in shares of Campbell Soup in the third quarter worth $34,000. Sherman Asset Management Inc. purchased a new stake in shares of Campbell Soup in the fourth quarter worth $36,000. Ashton Thomas Securities LLC purchased a new stake in shares of Campbell Soup in the third quarter worth $39,000. Principal Securities Inc. increased its stake in Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares during the last quarter. Finally, Kentucky Trust Co bought a new position in Campbell Soup in the fourth quarter valued at $42,000. 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.