Shares of The Campbell Soup Company (NASDAQ:CPB - Get Free Report) have earned a consensus rating of "Hold" from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $50.17.
Several equities research analysts recently commented on CPB shares. Stephens reiterated an "overweight" rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Citigroup lowered their target price on Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a report on Thursday, December 5th. DA Davidson reissued a "neutral" rating and set a $51.00 price target on shares of Campbell Soup in a research report on Wednesday, December 4th. Wells Fargo & Company decreased their price objective on Campbell Soup from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays lowered their price target on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a report on Friday, December 6th.
Read Our Latest Stock Report on CPB
CPB stock opened at $37.53 on Friday. The business has a 50 day moving average price of $40.64 and a 200 day moving average price of $45.50. Campbell Soup has a fifty-two week low of $37.01 and a fifty-two week high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.59 and a beta of 0.19.
Campbell Soup (NASDAQ:CPB - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Equities research analysts anticipate that Campbell Soup will post 3.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a $0.39 dividend. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 4.16%. Campbell Soup's dividend payout ratio (DPR) is presently 85.25%.
In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.19% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in shares of Campbell Soup in the third quarter worth $34,000. Ashton Thomas Securities LLC acquired a new position in Campbell Soup during the 3rd quarter worth $39,000. Sherman Asset Management Inc. acquired a new stake in Campbell Soup during the fourth quarter valued at approximately $36,000. Principal Securities Inc. lifted its stake in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company's stock worth $39,000 after purchasing an additional 290 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in shares of Campbell Soup during the 3rd quarter valued at about $48,000. 52.35% of the stock is owned by hedge funds and other institutional investors.
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.
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