Campbell Soup (NASDAQ:CPB) Given New $40.00 Price Target at Stifel Nicolaus

Campbell Soup (NASDAQ:CPB) had its price objective trimmed by Stifel Nicolaus from $47.00 to $40.00 in a report published on Friday morning,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other brokerages have also weighed in on CPB. Citigroup dropped their target price on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and upped their price target for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Finally, Wells Fargo & Company decreased their price target on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Campbell Soup currently has an average rating of “Hold” and a consensus price target of $50.17.

Campbell Soup Price Performance

Shares of NASDAQ:CPB opened at $38.98 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The firm has a fifty day moving average price of $41.99 and a 200 day moving average price of $46.03. Campbell Soup has a fifty-two week low of $37.61 and a fifty-two week high of $52.81. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.64 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. As a group, sell-side analysts expect that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 annualized dividend and a dividend yield of 4.00%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is currently 85.25%.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CPB. American Century Companies Inc. increased its stake in Campbell Soup by 10.8% in the 2nd quarter. American Century Companies Inc. now owns 29,434 shares of the company’s stock worth $1,330,000 after buying an additional 2,858 shares during the period. AE Wealth Management LLC purchased a new position in Campbell Soup in the 2nd quarter worth about $230,000. Pacer Advisors Inc. increased its stake in Campbell Soup by 82.7% in the 2nd quarter. Pacer Advisors Inc. now owns 25,069 shares of the company’s stock worth $1,133,000 after buying an additional 11,347 shares during the period. Sei Investments Co. increased its stake in Campbell Soup by 5.1% in the 2nd quarter. Sei Investments Co. now owns 154,621 shares of the company’s stock worth $6,987,000 after buying an additional 7,534 shares during the period. Finally, ProShare Advisors LLC increased its stake in Campbell Soup by 28.3% in the 2nd quarter. ProShare Advisors LLC now owns 52,553 shares of the company’s stock worth $2,375,000 after buying an additional 11,605 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

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.