The Campbell’s Company (NASDAQ:CPB – Get Free Report) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.39 per share on Monday, May 4th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, April 2nd.
Campbell’s has increased its dividend payment by an average of 0.0%per year over the last three years.
Campbell’s Stock Up 0.8%
Campbell’s stock traded up $0.20 during trading hours on Thursday, hitting $26.69. 2,038,104 shares of the stock traded hands, compared to its average volume of 6,926,795. Campbell’s has a one year low of $25.62 and a one year high of $43.85. The company has a market cap of $7.96 billion, a PE ratio of 13.85, a PEG ratio of 9.58 and a beta of -0.04. The firm’s 50-day moving average price is $27.54 and its two-hundred day moving average price is $29.99. The company has a current ratio of 0.82, a quick ratio of 0.34 and a debt-to-equity ratio of 1.54.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on CPB. Sanford C. Bernstein decreased their price target on shares of Campbell’s from $39.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. DA Davidson reissued a “neutral” rating and set a $30.00 price target on shares of Campbell’s in a research report on Thursday, December 11th. Morgan Stanley decreased their price objective on Campbell’s from $30.00 to $28.00 and set a “cautious” rating for the company in a research note on Friday, January 16th. Barclays set a $27.00 target price on Campbell’s in a research report on Friday, January 16th. Finally, Weiss Ratings cut shares of Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Campbell’s currently has an average rating of “Reduce” and a consensus price target of $32.29.
Check Out Our Latest Stock Report on Campbell’s
Campbell’s Company Profile
Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.
The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.
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