Brokerages Set Campbell Soup (NYSE:CPB) Price Target at $46.38

Campbell Soup (NYSE:CPB) has been given an average recommendation of “Reduce” by the fourteen analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $46.38.

A number of equities analysts have recently commented on CPB shares. Royal Bank of Canada restated a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a report on Thursday, March 14th. JPMorgan Chase & Co. upped their price objective on Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Piper Sandler restated a “neutral” rating and set a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. DA Davidson initiated coverage on Campbell Soup in a research report on Friday, March 1st. They set a “buy” rating and a $48.00 price target for the company. Finally, TheStreet upgraded Campbell Soup from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd.

Campbell Soup Stock Up 1.1 %

CPB opened at $44.20 on Monday. 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 firm has a market cap of $13.18 billion, a P/E ratio of 17.27, a PEG ratio of 2.83 and a beta of 0.24. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $55.14. The business’s fifty day simple moving average is $42.97 and its 200 day simple moving average is $42.37.

Campbell Soup (NYSE:CPB) last released its earnings results on Wednesday, March 6th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. As a group, equities research analysts anticipate that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.35%. The ex-dividend date is Wednesday, April 3rd. Campbell Soup’s payout ratio is currently 57.81%.

Institutional Trading of Campbell Soup

Large investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its stake in shares of Campbell Soup by 149.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after acquiring an additional 358 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Campbell Soup by 165.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after purchasing an additional 406 shares in the last quarter. Mather Group LLC. acquired a new stake in Campbell Soup during the 1st quarter valued at $28,000. Jones Financial Companies Lllp acquired a new stake in Campbell Soup during the 4th quarter valued at $31,000. Finally, ING Groep NV bought a new position in Campbell Soup in the 3rd quarter valued at $33,000. 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.