Campbell Soup (NYSE:CPB) Rating Reiterated by Royal Bank of Canada (2024)

Royal Bank of Canada reissued their sector perform rating on shares of Campbell Soup (NYSE:CPB - Free Report) in a report released on Friday morning, Benzinga reports. They currently have a $47.00 price objective on the stock.

CPB has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on Campbell Soup from $47.00 to $48.00 and gave the stock a neutral rating in a research note on Friday, March 1st. DA Davidson initiated coverage on shares of Campbell Soup in a research report on Friday, March 1st. They set a buy rating and a $48.00 price target for the company. Sanford C. Bernstein raised shares of Campbell Soup from an underperform rating to a market perform rating and boosted their price objective for the stock from $42.00 to $46.00 in a research note on Wednesday, May 15th. Wells Fargo & Company raised their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the company an equal weight rating in a research note on Friday. Finally, Piper Sandler reissued a neutral rating and issued a $47.00 price target on shares of Campbell Soup in a research report on Tuesday, March 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Campbell Soup currently has a consensus rating of Hold and an average target price of $46.41.

View Our Latest Stock Report on CPB

Campbell Soup Trading Down 1.5 %

Shares of CPB traded down $0.67 during trading hours on Friday, reaching $42.86. 3,020,340 shares of the company traded hands, compared to its average volume of 2,666,659. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $46.97. 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 company's fifty day moving average price is $44.67 and its two-hundred day moving average price is $43.57. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.83 and a beta of 0.19.

Campbell Soup (NYSE:CPB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.50%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the business posted $0.68 earnings per share. Campbell Soup's quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts predict that Campbell Soup will post 3.09 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup's dividend payout ratio (DPR) is 59.92%.

Institutional Trading of Campbell Soup

Institutional investors have recently made changes to their positions in the stock. Jump Financial LLC bought a new stake in Campbell Soup in the 3rd quarter worth approximately $387,000. Avantax Advisory Services Inc. increased its position in Campbell Soup by 5.8% during the third quarter. Avantax Advisory Services Inc. now owns 22,290 shares of the company's stock valued at $916,000 after acquiring an additional 1,220 shares during the last quarter. Amalgamated Bank lifted its holdings in Campbell Soup by 4.9% in the third quarter. Amalgamated Bank now owns 53,606 shares of the company's stock valued at $2,202,000 after acquiring an additional 2,495 shares during the period. Atria Wealth Solutions Inc. boosted its position in Campbell Soup by 20.0% in the third quarter. Atria Wealth Solutions Inc. now owns 13,775 shares of the company's stock worth $566,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Campbell Soup by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,639,006 shares of the company's stock valued at $67,330,000 after purchasing an additional 14,555 shares during the period. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Company Profile

(Get Free Report)

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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