Campbell Soup (NYSE:CPB) Receives $46.56 Consensus Price Target from Analysts

Campbell Soup (NYSE:CPB) has been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $46.56.

Several equities research analysts have issued reports on the stock. Piper Sandler reiterated a “neutral” rating and set a $47.00 target price on shares of Campbell Soup in a research report on Tuesday, March 26th. Evercore ISI initiated coverage on shares of Campbell Soup in a report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 target price on shares of Campbell Soup in a research note on Friday, June 7th. JPMorgan Chase & Co. upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $52.00 in a research report on Wednesday, June 26th. Finally, DA Davidson upped their price objective on Campbell Soup from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, June 10th.

Campbell Soup Trading Up 0.2 %

Shares of CPB stock opened at $45.27 on Friday. The company has a market capitalization of $13.52 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. Campbell Soup has a 52-week low of $37.94 and a 52-week high of $46.97. The business’s fifty day moving average is $44.90 and its 200 day moving average is $43.88. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.24 and a current ratio of 0.62.

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

Campbell Soup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 59.92%.

Hedge Funds Weigh In On Campbell Soup

Hedge funds have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in Campbell Soup by 165.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after purchasing an additional 406 shares during the period. Mather Group LLC. purchased a new position in shares of Campbell Soup during the first quarter valued at about $28,000. Jones Financial Companies Lllp bought a new position in Campbell Soup in the fourth quarter worth about $31,000. Larson Financial Group LLC lifted its holdings in Campbell Soup by 3,760.9% in the first quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock worth $39,000 after buying an additional 865 shares during the period. Finally, Lindbrook Capital LLC boosted its position in Campbell Soup by 79.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock valued at $44,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

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.