Sanford C. Bernstein upgraded shares of Campbell Soup (NYSE:CPB - Free Report) from an underperform rating to a market perform rating in a research note published on Wednesday morning, Marketbeat Ratings reports. They currently have $46.00 price target on the stock, up from their previous price target of $42.00.
A number of other analysts have also recently weighed in on CPB. JPMorgan Chase & Co. upped their target price on shares of Campbell Soup from $47.00 to $48.00 and gave the company a neutral rating in a research note on Friday, March 1st. 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 price target on the stock. Citigroup started coverage on shares of Campbell Soup in a research report on Thursday, February 1st. They issued a sell rating and a $41.00 price target on the stock. 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 price target on the stock. Finally, Piper Sandler restated 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 given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Campbell Soup presently has a consensus rating of Hold and an average target price of $46.35.
View Our Latest Report on CPB
Campbell Soup Stock Performance
Shares of NYSE:CPB traded down $0.29 on Wednesday, hitting $45.72. 1,974,361 shares of the company were exchanged, compared to its average volume of 2,636,177. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 3.02 and a beta of 0.23. The company's 50 day moving average price is $44.10 and its two-hundred day moving average price is $43.09. Campbell Soup has a one year low of $37.94 and a one year high of $53.66. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01.
Campbell Soup (NYSE:CPB - Get Free Report) last posted its 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. The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Research analysts expect that Campbell Soup will post 3.05 earnings per share for the current year.
Campbell Soup Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup's dividend payout ratio (DPR) is 57.81%.
Institutional Investors Weigh In On Campbell Soup
A number of institutional investors and hedge funds have recently modified their holdings of the business. Empirical Finance LLC increased its stake in Campbell Soup by 3.6% in the first quarter. Empirical Finance LLC now owns 6,912 shares of the company's stock valued at $307,000 after purchasing an additional 239 shares in the last quarter. North Star Investment Management Corp. increased its stake in Campbell Soup by 2.1% in the first quarter. North Star Investment Management Corp. now owns 12,357 shares of the company's stock valued at $549,000 after purchasing an additional 260 shares in the last quarter. Stifel Financial Corp increased its stake in Campbell Soup by 0.4% in the third quarter. Stifel Financial Corp now owns 63,321 shares of the company's stock valued at $2,601,000 after purchasing an additional 261 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in Campbell Soup by 4.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 6,998 shares of the company's stock valued at $303,000 after purchasing an additional 286 shares in the last quarter. Finally, Essex Financial Services Inc. increased its position in shares of Campbell Soup by 5.5% during the first quarter. Essex Financial Services Inc. now owns 5,607 shares of the company's stock worth $249,000 after acquiring an additional 292 shares in the last quarter. 52.35% of the stock is owned by institutional investors.
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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