Campbell Soup (NASDAQ:CPB) Receives $51.58 Consensus Price Target from Brokerages

Campbell Soup (NASDAQ:CPB) has been given a consensus rating of “Hold” by the twelve ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $51.58.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. DA Davidson cut shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Friday, September 27th. TD Cowen boosted their price objective 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. Finally, Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their target price for the company from $47.00 to $56.00 in a research note on Thursday, November 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management boosted its position in shares of 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 acquiring an additional 2,390,700 shares during the period. Franklin Resources Inc. raised its stake in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares in the last quarter. Wulff Hansen & CO. boosted its holdings in Campbell Soup by 4,419.0% in the 2nd quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock valued at $33,103,000 after purchasing an additional 716,320 shares during the period. Victory Capital Management Inc. grew its position in shares of Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after purchasing an additional 558,944 shares in the last quarter. Finally, Armistice Capital LLC increased its holdings in shares of Campbell Soup by 94.0% during the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after purchasing an additional 517,550 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Up 0.3 %

Shares of CPB stock opened at $46.20 on Tuesday. The firm’s fifty day moving average price is $46.80 and its two-hundred day moving average price is $47.03. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81. The firm has a market capitalization of $13.75 billion, a P/E ratio of 24.44, a PEG ratio of 2.65 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last released its earnings results 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 return on equity of 24.08% and a net margin of 5.88%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. Campbell Soup’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts predict that Campbell Soup will post 3.2 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a yield of 3.20%. Campbell Soup’s payout ratio is currently 78.31%.

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.