The Campbell Soup Company Announces Quarterly Dividend of $0.39 (NASDAQ:CPB)

The Campbell Soup Company (NASDAQ:CPB) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Thursday, April 3rd will be given a dividend of 0.39 per share on Monday, April 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.90%.

Campbell Soup has raised its dividend by an average of 0.5% annually over the last three years. Campbell Soup has a payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Campbell Soup to earn $3.31 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 47.1%.

Campbell Soup Price Performance

Shares of CPB traded down $1.62 during midday trading on Wednesday, reaching $40.04. The stock had a trading volume of 3,523,347 shares, compared to its average volume of 2,907,828. The firm’s 50 day moving average price is $39.60 and its 200-day moving average price is $44.73. The company has a market capitalization of $11.94 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.71 and a beta of 0.19. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. On average, analysts forecast that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Insider Transactions at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CPB. Stifel Nicolaus cut their price target on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Barclays dropped their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Finally, DA Davidson restated a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.17.

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.