Campbell Soup Announces Quarterly Dividend of $0.37 (NASDAQ:CPB)

Campbell Soup (NASDAQ:CPB) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Shareholders of record on Thursday, October 3rd will be given a dividend of 0.37 per share on Monday, October 28th. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, October 3rd.

Campbell Soup has raised its dividend by an average of 1.9% annually over the last three years.

Campbell Soup Price Performance

CPB stock opened at $50.84 on Friday. Campbell Soup has a 1 year low of $37.94 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24. The firm has a market capitalization of $15.18 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 3.09 and a beta of 0.18. The business has a 50 day simple moving average of $49.07 and a 200-day simple moving average of $46.00.

Campbell Soup (NASDAQ:CPB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Campbell Soup’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that Campbell Soup will post 3.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CPB shares. Wells Fargo & Company lifted their price target on shares of Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Barclays lifted their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Thursday, September 12th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a report on Tuesday, August 27th. Citigroup boosted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, May 23rd. Finally, StockNews.com lowered shares of Campbell Soup from a “hold” rating to a “sell” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.69.

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.