Campbell Soup (NYSE:CPB) announced a quarterly dividend on Thursday, November 21st, RTT News reports. Shareholders of record on Wednesday, January 8th will be paid a dividend of 0.35 per share on Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.94%.
Shares of CPB stock traded down $0.59 during trading hours on Thursday, reaching $47.69. The stock had a trading volume of 9,360 shares, compared to its average volume of 2,303,968. The company has a debt-to-equity ratio of 6.39, a current ratio of 0.58 and a quick ratio of 0.33. Campbell Soup has a twelve month low of $32.03 and a twelve month high of $48.39. The firm has a 50-day simple moving average of $46.97 and a 200-day simple moving average of $43.06. The firm has a market capitalization of $14.52 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 3.16 and a beta of 0.43.
Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Friday, August 30th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.08. Campbell Soup had a net margin of 2.25% and a return on equity of 62.59%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Campbell Soup will post 2.52 earnings per share for the current year.
A number of analysts recently weighed in on CPB shares. Royal Bank of Canada started coverage on shares of Campbell Soup in a report on Thursday, October 17th. They issued an “outperform” rating and a $55.00 price objective on the stock. ValuEngine raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Co reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Campbell Soup in a report on Friday, August 30th. Piper Jaffray Companies raised shares of Campbell Soup from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $40.00 to $45.00 in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Campbell Soup from $41.00 to $48.00 in a report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Campbell Soup currently has a consensus rating of “Hold” and a consensus price target of $43.50.
About Campbell Soup
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell's tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.
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