Campbell Soup’s (CPB) “Neutral” Rating Reiterated at Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of Campbell Soup (NYSE:CPB) in a research report released on Tuesday morning, Benzinga reports. They currently have a $47.00 target price on the stock.

Several other research firms have also weighed in on CPB. Royal Bank of Canada reaffirmed a sector perform rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Thursday, March 14th. DA Davidson initiated coverage on Campbell Soup in a research report on Friday, March 1st. They set a buy rating and a $48.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Campbell Soup from $47.00 to $48.00 and gave the stock a neutral rating in a research report on Friday, March 1st. Wells Fargo & Company assumed coverage on Campbell Soup in a research note on Tuesday, December 12th. They issued an equal weight rating and a $47.00 target price on the stock. Finally, Evercore ISI initiated coverage on Campbell Soup in a research note on Wednesday, March 13th. They set an in-line rating and a $49.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Campbell Soup currently has an average rating of Hold and an average price target of $46.38.

Campbell Soup Stock Performance

Shares of NYSE:CPB opened at $44.45 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.43 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $13.25 billion, a P/E ratio of 17.36, a P/E/G ratio of 3.31 and a beta of 0.24. The business has a 50-day moving average price of $43.10 and a two-hundred day moving average price of $42.22. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $56.04.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Campbell Soup had a return on equity of 23.18% and a net margin of 8.26%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the firm earned $0.80 EPS. Campbell Soup’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts predict that Campbell Soup will post 3.06 earnings per share for the current year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.33%. Campbell Soup’s payout ratio is 57.81%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CPB. Parkside Financial Bank & Trust lifted its holdings in Campbell Soup by 149.8% during the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after buying an additional 358 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Campbell Soup by 165.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $28,000 after purchasing an additional 406 shares during the period. Jones Financial Companies Lllp acquired a new stake in Campbell Soup during the 4th quarter worth about $31,000. ING Groep NV acquired a new stake in shares of Campbell Soup during the 3rd quarter valued at about $33,000. Finally, Allworth Financial LP grew its position in shares of Campbell Soup by 110.0% during the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock valued at $34,000 after acquiring an additional 429 shares during the period. 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.