Campbell Soup (NASDAQ:CPB) to Issue Dividend Increase – $0.39 Per Share

Campbell Soup (NASDAQ:CPB) declared a quarterly dividend on Tuesday, December 3rd,RTT News reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.39 per share on Monday, January 27th. This represents a $1.56 annualized dividend and a dividend yield of 3.43%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37.

Campbell Soup has raised its dividend payment by an average of 1.9% annually over the last three years.

Campbell Soup Stock Down 1.5 %

Shares of NASDAQ CPB traded down $0.70 during mid-day trading on Tuesday, reaching $45.53. The company had a trading volume of 3,785,986 shares, compared to its average volume of 2,515,304. Campbell Soup has a twelve month low of $40.18 and a twelve month high of $52.81. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61. The stock has a market capitalization of $13.55 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 2.66 and a beta of 0.18. The stock’s 50 day moving average is $46.71 and its 200-day moving average is $47.04.

Wall Street Analysts Forecast Growth

CPB has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price target for the company from $55.00 to $58.00 in a report on Monday, October 7th. Royal Bank of Canada restated a “sector perform” rating and set a $51.00 price target on shares of Campbell Soup in a report on Monday. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Friday, September 20th. JPMorgan Chase & Co. increased their target price on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company increased their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.58.

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.