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

Campbell Soup (NASDAQ:CPB) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $51.58.

A number of research firms have weighed in on CPB. Royal Bank of Canada lifted their price objective on Campbell Soup from $47.00 to $51.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, September 20th. Barclays upped their target price on shares of Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a report on Thursday, September 12th. Finally, StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th.

Institutional Investors Weigh In On Campbell Soup

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Campbell Soup during the second quarter valued at $32,000. nVerses Capital LLC acquired a new position in Campbell Soup during the 3rd quarter valued at about $34,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup in the 3rd quarter valued at about $39,000. TruNorth Capital Management LLC acquired a new stake in shares of Campbell Soup during the 2nd quarter worth approximately $44,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Campbell Soup during the 2nd quarter worth approximately $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of NASDAQ CPB opened at $45.93 on Tuesday. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.60 and a beta of 0.19. Campbell Soup has a one year low of $39.65 and a one year high of $52.81. The business has a fifty day simple moving average of $47.30 and a 200 day simple moving average of $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 (NASDAQ:CPB) last announced its quarterly earnings data 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 net margin of 5.88% and a return on equity of 24.08%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts expect that Campbell Soup will post 3.2 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. Campbell Soup’s dividend payout ratio (DPR) 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.