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

The Campbell Soup Company (NASDAQ:CPB) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Shareholders of record on Thursday, April 3rd will be given a dividend of 0.39 per share on Monday, April 28th. This represents a $1.56 annualized dividend and a yield of 3.90%.

Campbell Soup has increased its dividend by an average of 0.5% per year over the last three years. Campbell Soup has a dividend payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Campbell Soup to earn $3.31 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 47.1%.

Campbell Soup Stock Down 3.9 %

CPB stock opened at $40.04 on Thursday. The stock has a market capitalization of $11.94 billion, a P/E ratio of 21.88, a PEG ratio of 2.71 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a one year low of $36.92 and a one year high of $52.81. The company has a 50 day moving average price of $39.57 and a two-hundred day moving average price of $44.70.

Campbell Soup (NASDAQ:CPB) last released its earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate 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 EPS for the current year.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 20.19% of the company’s stock.

Analysts Set New Price Targets

CPB has been the subject of several research reports. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Citigroup lowered their price objective on shares of Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, December 5th. Stifel Nicolaus lowered their price objective on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Campbell Soup presently has a consensus rating of “Hold” and an average target price of $50.17.

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.