Campbell Soup (NASDAQ:CPB) Receives Consensus Rating of “Hold” from Analysts

Campbell Soup (NASDAQ:CPB) has received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three 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 $50.83.

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Friday, September 20th. TD Cowen boosted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, September 12th. DA Davidson lowered Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a research report on Friday, September 27th. Finally, Barclays increased their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company’s stock valued at $393,603,000 after acquiring an additional 161,392 shares during the period. Dimensional Fund Advisors LP grew its stake in Campbell Soup by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after purchasing an additional 363,736 shares during the last quarter. LSV Asset Management grew its stake in Campbell Soup by 5,022.5% in the second quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after purchasing an additional 2,390,700 shares during the last quarter. Nordea Investment Management AB raised its holdings in Campbell Soup by 7.3% in the first quarter. Nordea Investment Management AB now owns 1,246,867 shares of the company’s stock worth $55,554,000 after purchasing an additional 85,099 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Campbell Soup by 88.2% during the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after buying an additional 558,944 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors.

Campbell Soup Stock Up 0.8 %

NASDAQ CPB opened at $46.74 on Friday. The stock has a 50 day moving average price of $48.89 and a 200-day moving average price of $47.10. Campbell Soup has a one year low of $39.65 and a one year high of $52.81. The company has a market capitalization of $13.91 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.76 and a beta of 0.19. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping 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 business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the company posted $0.50 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts predict that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio is 78.31%.

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.