The Campbell’s Company to Issue Quarterly Dividend of $0.39 (NASDAQ:CPB)

The Campbell’s Company (NASDAQ:CPB) announced a quarterly dividend on Wednesday, September 17th, RTT News reports. Stockholders of record on Thursday, October 2nd will be given a dividend of 0.39 per share on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, October 2nd.

Campbell’s Stock Down 3.8%

Campbell’s stock opened at $30.87 on Tuesday. The firm has a 50 day simple moving average of $32.69 and a 200 day simple moving average of $34.17. The company has a current ratio of 0.77, a quick ratio of 0.28 and a debt-to-equity ratio of 1.56. Campbell’s has a 1-year low of $29.39 and a 1-year high of $49.56. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 11.15 and a beta of 0.05.

Campbell’s (NASDAQ:CPB) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.08 earnings per share. Campbell’s has set its FY 2026 guidance at 2.400-2.550 EPS. On average, analysts predict that Campbell’s will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CPB. UBS Group reduced their price target on shares of Campbell’s from $33.00 to $30.00 and set a “sell” rating for the company in a research report on Friday, August 29th. JPMorgan Chase & Co. began coverage on Campbell’s in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $33.00 target price on the stock. Citigroup cut their price objective on Campbell’s from $33.00 to $32.00 and set a “sell” rating for the company in a report on Tuesday, June 3rd. DA Davidson dropped their target price on shares of Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, June 9th. Finally, Bank of America increased their price target on shares of Campbell’s from $29.00 to $30.00 and gave the stock an “underperform” rating in a report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $34.82.

About Campbell’s

The Campbell’s Company, formerly known as 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.