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

Shares of The Campbell Soup Company (NASDAQ:CPB) have earned an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $46.36.

CPB has been the topic of a number of recent analyst reports. Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Wells Fargo & Company lowered their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Jefferies Financial Group lowered their price objective on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Finally, Citigroup lowered their price objective on shares of Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a research note on Thursday, March 6th.

Campbell Soup Stock Up 0.6 %

CPB stock opened at $42.04 on Thursday. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81. The company has a market cap of $12.54 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.71 and a beta of 0.15. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The company’s 50-day moving average price is $39.39 and its 200 day moving average price is $44.22.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The business’s revenue was up 9.3% compared to the same quarter last year. On average, research analysts expect that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The firm also recently disclosed 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. This represents a $1.56 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup’s dividend payout ratio is presently 90.17%.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Campbell Soup

Several hedge funds and other institutional investors have recently modified their holdings of CPB. Siemens Fonds Invest GmbH bought a new stake in shares of Campbell Soup during the 4th quarter valued at about $135,000. QSM Asset Management Ltd acquired a new position in Campbell Soup during the 4th quarter valued at about $6,556,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Campbell Soup during the 4th quarter valued at about $10,462,000. Forum Financial Management LP acquired a new position in Campbell Soup during the 4th quarter valued at about $264,000. Finally, Voloridge Investment Management LLC acquired a new position in Campbell Soup during the 4th quarter valued at about $18,172,000. Institutional investors own 52.35% of the company’s stock.

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.