Campbell Soup (NYSE:CPB) Receives $46.41 Consensus Target Price from Analysts

Shares of Campbell Soup (NYSE:CPB) have been assigned an average rating of “Reduce” from the fifteen brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $46.31.

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Friday. Piper Sandler reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a report on Tuesday, March 26th. JPMorgan Chase & Co. lifted their target price on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Wells Fargo & Company lifted their target price on Campbell Soup from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Sanford C. Bernstein raised Campbell Soup from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $42.00 to $46.00 in a report on Wednesday, May 15th.

Campbell Soup Price Performance

NYSE:CPB opened at $42.46 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.62 and a debt-to-equity ratio of 1.47. The business’s 50-day simple moving average is $44.62 and its two-hundred day simple moving average is $43.62. The stock has a market cap of $12.68 billion, a PE ratio of 17.19, a P/E/G ratio of 2.65 and a beta of 0.19. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $46.97.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a return on equity of 23.26% and a net margin of 7.85%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. As a group, analysts forecast that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.49%. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Lingohr Asset Management GmbH purchased a new stake in shares of Campbell Soup in the fourth quarter valued at approximately $627,000. ING Groep NV raised its stake in Campbell Soup by 3,237.3% in the fourth quarter. ING Groep NV now owns 26,899 shares of the company’s stock worth $1,163,000 after buying an additional 26,093 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Campbell Soup by 13.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 305,969 shares of the company’s stock worth $13,154,000 after buying an additional 36,108 shares in the last quarter. Cerity Partners LLC raised its stake in Campbell Soup by 326.8% in the fourth quarter. Cerity Partners LLC now owns 249,316 shares of the company’s stock worth $10,778,000 after buying an additional 190,901 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Campbell Soup by 8.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 670,468 shares of the company’s stock worth $28,984,000 after buying an additional 51,819 shares in the last quarter. Hedge funds and other 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.