Campbell Soup (NASDAQ:CPB - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $49.85.
CPB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, September 11th. Royal Bank of Canada lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "sector perform" rating in a research report on Friday, September 13th. TD Cowen lifted their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research report on Thursday, September 12th. DA Davidson downgraded shares of Campbell Soup from a "buy" rating to a "neutral" rating and set a $51.00 price target for the company. in a research report on Friday, September 27th. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th.
Get Our Latest Stock Report on CPB
Shares of CPB opened at $47.35 on Monday. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The company has a market capitalization of $14.14 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.18. The firm has a 50-day simple moving average of $49.65 and a 200-day simple moving average of $46.52. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61.
Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that Campbell Soup will post 3.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Thursday, October 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.13%. Campbell Soup's dividend payout ratio is currently 59.92%.
Several institutional investors have recently bought and sold shares of CPB. Royal London Asset Management Ltd. raised its holdings in Campbell Soup by 17.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 107,014 shares of the company's stock valued at $4,626,000 after acquiring an additional 15,824 shares during the last quarter. First Trust Advisors LP raised its holdings in Campbell Soup by 6.5% in the 4th quarter. First Trust Advisors LP now owns 661,401 shares of the company's stock valued at $28,592,000 after acquiring an additional 40,504 shares during the last quarter. Stephens Inc. AR acquired a new position in Campbell Soup in the 4th quarter valued at $1,211,000. Vinva Investment Management Ltd acquired a new position in Campbell Soup in the 4th quarter valued at $258,000. Finally, Lingohr Asset Management GmbH acquired a new position in Campbell Soup in the 4th quarter valued at $627,000. 52.35% of the stock is currently owned by institutional investors and hedge funds.
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.
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