Campbell Soup (NASDAQ:CPB) Receives Average Recommendation of “Hold” from Analysts

Shares of Campbell Soup (NASDAQ:CPB) have earned an average rating of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $50.83.

A number of analysts recently issued reports on CPB shares. Royal Bank of Canada lifted their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th. TD Cowen boosted their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price target on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company boosted their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th.

Hedge Funds Weigh In On Campbell Soup

Several large investors have recently made changes to their positions in CPB. M&G Plc bought a new position in Campbell Soup during the second quarter valued at about $469,000. Envestnet Portfolio Solutions Inc. bought a new position in Campbell Soup during the first quarter valued at about $672,000. Swedbank AB bought a new position in Campbell Soup during the first quarter valued at about $11,405,000. Dimensional Fund Advisors LP increased its stake in Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after acquiring an additional 363,736 shares during the period. Finally, MN Wealth Advisors LLC bought a new position in Campbell Soup during the third quarter valued at about $940,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Price Performance

CPB opened at $45.12 on Friday. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.76 and a beta of 0.19. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. The stock has a fifty day moving average price of $48.73 and a 200 day moving average price of $47.08.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. Analysts forecast that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.28%. Campbell Soup’s dividend payout ratio is presently 78.31%.

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.