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

Shares of Campbell Soup (NYSE:CPB) have been given a consensus rating of “Reduce” by the fifteen ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $46.35.

Several equities research analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Campbell Soup in a research note on Thursday, February 1st. They set a “sell” rating and a $41.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Piper Sandler reissued a “neutral” rating and issued a $47.00 target price on shares of Campbell Soup in a research report on Tuesday, March 26th. Evercore ISI started coverage on shares of Campbell Soup in a research report on Wednesday, March 13th. They issued an “in-line” rating and a $49.00 target price for the company. Finally, DA Davidson started coverage on shares of Campbell Soup in a research report on Friday, March 1st. They issued a “buy” rating and a $48.00 target price for the company.

Institutional Trading of Campbell Soup

Institutional investors have recently made changes to their positions in the stock. Mather Group LLC. acquired a new stake in shares of Campbell Soup in the 1st quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Campbell Soup by 165.7% in 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 in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Campbell Soup in the 4th quarter worth approximately $31,000. ING Groep NV bought a new stake in shares of Campbell Soup in the 3rd quarter worth approximately $33,000. Finally, Allworth Financial LP raised its holdings in shares of Campbell Soup by 110.0% in the 3rd quarter. Allworth Financial LP now owns 819 shares of the company’s stock worth $34,000 after purchasing an additional 429 shares in the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of CPB stock opened at $46.71 on Friday. The company’s fifty day simple moving average is $44.20 and its 200-day simple moving average is $43.12. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $53.66. 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 company has a market cap of $13.92 billion, a PE ratio of 18.25, a P/E/G ratio of 3.02 and a beta of 0.23.

Campbell Soup (NYSE:CPB) last released its quarterly 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. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the business earned $0.80 EPS. The business’s revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Campbell Soup will post 3.05 EPS for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup’s dividend payout ratio is currently 57.81%.

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.