Campbell Soup (NYSE:CPB) Receives $46.38 Average Price Target from Analysts

Campbell Soup (NYSE:CPB) has been assigned an average rating of “Reduce” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $46.38.

CPB has been the subject of a number of analyst reports. Evercore ISI initiated coverage on shares of Campbell Soup in a research report on Wednesday, March 13th. They set an “in-line” rating and a $49.00 price objective for the company. DA Davidson started coverage on shares of Campbell Soup in a research note on Friday, March 1st. They set a “buy” rating and a $48.00 price target on the stock. Piper Sandler reissued a “neutral” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Tuesday, March 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Thursday, March 14th. Finally, Citigroup started coverage on shares of Campbell Soup in a research note on Thursday, February 1st. They issued a “sell” rating and a $41.00 price objective on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPB. Parkside Financial Bank & Trust raised its holdings in Campbell Soup by 149.8% in the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock valued at $27,000 after buying an additional 358 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Campbell Soup by 165.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after buying an additional 406 shares during the period. Mather Group LLC. purchased a new position in Campbell Soup in the first quarter valued at approximately $28,000. Jones Financial Companies Lllp purchased a new position in Campbell Soup in the fourth quarter valued at approximately $31,000. Finally, ING Groep NV purchased a new position in Campbell Soup in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Trading Up 1.1 %

NYSE CPB opened at $44.20 on Monday. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. Campbell Soup has a 52 week low of $37.94 and a 52 week high of $55.14. The stock has a market capitalization of $13.18 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 2.89 and a beta of 0.24. The firm has a 50 day moving average of $42.97 and a two-hundred day moving average of $42.40.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.44 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. As a group, research analysts expect that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a yield of 3.35%. Campbell Soup’s payout ratio is 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.