Campbell Soup (NYSE:CPB) Receives $46.38 Average Target Price from Brokerages

Shares of Campbell Soup (NYSE:CPB) have earned an average recommendation of “Reduce” from the fourteen analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $46.38.

A number of brokerages recently commented on CPB. Wells Fargo & Company began coverage on Campbell Soup in a report on Tuesday, December 12th. They set an “equal weight” rating and a $47.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $47.00 price target on shares of Campbell Soup in a report on Thursday, March 14th. TheStreet upgraded Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. lifted their price target on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Citigroup began coverage on Campbell Soup in a research note on Thursday, February 1st. They issued a “sell” rating and a $41.00 target price on the stock.

Campbell Soup Stock Up 1.6 %

CPB stock opened at $44.08 on Thursday. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $56.04. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The stock’s 50 day moving average is $43.06 and its 200-day moving average is $42.19. The firm has a market capitalization of $13.14 billion, a PE ratio of 17.22, a P/E/G ratio of 3.26 and a beta of 0.24.

Campbell Soup (NYSE:CPB) last posted its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. Sell-side analysts expect that Campbell Soup will post 3.06 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, April 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 57.81%.

Institutional Investors Weigh In On Campbell Soup

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Family Office LLC lifted its stake in shares of Campbell Soup by 0.8% in the 4th quarter. Pathstone Family Office LLC now owns 25,351 shares of the company’s stock valued at $1,439,000 after acquiring an additional 199 shares during the last quarter. Stifel Financial Corp raised its position in Campbell Soup by 0.4% during the 1st quarter. Stifel Financial Corp now owns 54,220 shares of the company’s stock valued at $2,981,000 after purchasing an additional 216 shares during the last quarter. Inspire Investing LLC raised its position in Campbell Soup by 3.1% during the 3rd quarter. Inspire Investing LLC now owns 8,877 shares of the company’s stock valued at $365,000 after purchasing an additional 267 shares during the last quarter. Neuberger Berman Group LLC raised its position in Campbell Soup by 0.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 38,244 shares of the company’s stock valued at $1,802,000 after purchasing an additional 268 shares during the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in Campbell Soup by 5.8% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 4,982 shares of the company’s stock valued at $228,000 after purchasing an additional 273 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

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.