Campbell Soup (NYSE:CPB - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $44.18, but opened at $43.25. Campbell Soup shares last traded at $43.37, with a volume of 763,006 shares trading hands.
Wall Street Analyst Weigh In
CPB has been the subject of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Thursday, March 14th. JPMorgan Chase & Co. boosted their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, March 1st. Citigroup upped their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a "sell" rating in a report on Thursday, May 23rd. Piper Sandler reiterated a "neutral" rating and set a $47.00 price target on shares of Campbell Soup in a research report on Tuesday, March 26th. Finally, Evercore ISI assumed coverage on Campbell Soup in a research note on Wednesday, March 13th. They set an "in-line" rating and a $49.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.41.
View Our Latest Stock Report on Campbell Soup
Campbell Soup Stock Down 0.2 %
The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The business's 50 day moving average is $44.72 and its 200-day moving average is $43.56. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.87 and a beta of 0.19.
Campbell Soup (NYSE:CPB - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS 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 company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. Campbell Soup's quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Campbell Soup will post 3.05 EPS for the current fiscal year.
Campbell Soup Announces Dividend
The company also recently disclosed 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 dividend yield of 3.36%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup's dividend payout ratio is presently 57.81%.
Hedge Funds Weigh In On Campbell Soup
A number of institutional investors have recently modified their holdings of CPB. Cetera Advisors LLC raised its stake in shares of Campbell Soup by 7.3% during the 1st quarter. Cetera Advisors LLC now owns 13,120 shares of the company's stock worth $583,000 after buying an additional 887 shares during the last quarter. Swedbank AB acquired a new position in shares of Campbell Soup in the 1st quarter valued at about $11,405,000. LRI Investments LLC purchased a new stake in Campbell Soup during the first quarter worth approximately $83,000. Tidal Investments LLC increased its holdings in Campbell Soup by 12.8% in the 1st quarter. Tidal Investments LLC now owns 18,505 shares of the company's stock valued at $822,000 after purchasing an additional 2,096 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Campbell Soup by 11.3% during the 1st quarter. Janus Henderson Group PLC now owns 90,699 shares of the company's stock valued at $4,031,000 after buying an additional 9,237 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.
About Campbell Soup
(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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