The Campbell Soup Company (NASDAQ:CPB) Receives $49.38 Consensus Price Target from Analysts

The Campbell Soup Company (NASDAQ:CPB) has received an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $45.23.

A number of analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Campbell Soup to a “strong sell” rating in a report on Wednesday, February 26th. Wells Fargo & Company cut their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Stephens restated an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Citigroup lowered their price target on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a report on Thursday, March 6th. Finally, Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th.

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $38.58 on Thursday. The business’s 50 day moving average price is $39.36 and its 200 day moving average price is $44.08. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.71 and a beta of 0.15. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a one year low of $36.92 and a one year high of $52.81.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.74 billion. The company’s revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that Campbell Soup will post 3.15 EPS for the current year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 4.04%. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Campbell Soup

A number of hedge funds and other institutional investors have recently modified their holdings of CPB. Franklin Resources Inc. raised its stake in Campbell Soup by 1,593.8% in the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Campbell Soup by 272.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock worth $93,949,000 after acquiring an additional 1,641,400 shares in the last quarter. Man Group plc increased its holdings in shares of Campbell Soup by 1,296.1% in the 4th quarter. Man Group plc now owns 1,407,161 shares of the company’s stock valued at $58,932,000 after acquiring an additional 1,306,372 shares during the last quarter. Invesco Ltd. raised its position in shares of Campbell Soup by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock worth $194,556,000 after acquiring an additional 1,282,957 shares in the last quarter. Finally, Norges Bank purchased a new stake in Campbell Soup during the fourth quarter worth approximately $50,908,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.