Campbell Soup (NASDAQ:CPB) Given Consensus Recommendation of “Hold” by Brokerages

Campbell Soup (NASDAQ:CPB) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $50.92.

Several equities research analysts have recently issued reports on the company. DA Davidson restated a “neutral” rating and set a $51.00 price objective on shares of Campbell Soup in a report on Wednesday, December 4th. Citigroup lowered their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. Wells Fargo & Company cut their price objective on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. 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 report on Friday, September 20th. Finally, TD Cowen increased their price target on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th.

Institutional Investors Weigh In On Campbell Soup

A number of large investors have recently modified their holdings of CPB. Principal Financial Group Inc. lifted its position in shares of Campbell Soup by 6.8% during the third quarter. Principal Financial Group Inc. now owns 278,607 shares of the company’s stock worth $13,629,000 after purchasing an additional 17,663 shares in the last quarter. Franklin Resources Inc. increased its stake in Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after buying an additional 1,792,005 shares during the period. Tidal Investments LLC lifted its holdings in Campbell Soup by 304.4% in the 3rd quarter. Tidal Investments LLC now owns 26,927 shares of the company’s stock worth $1,317,000 after buying an additional 20,268 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Campbell Soup in the 3rd quarter valued at about $216,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Campbell Soup during the third quarter valued at about $240,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell Soup Stock Up 0.5 %

Shares of NASDAQ CPB opened at $41.64 on Friday. The firm has a market cap of $12.41 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.96 and a beta of 0.18. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a 1 year low of $40.26 and a 1 year high of $52.81. The firm’s 50 day moving average price is $44.93 and its 200 day moving average price is $46.80.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.75%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, January 2nd. Campbell Soup’s dividend payout ratio is 85.25%.

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.