Campbell Soup (NASDAQ:CPB) Plans Quarterly Dividend of $0.37

Campbell Soup (NASDAQ:CPB) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors of record on Thursday, October 3rd will be given a dividend of 0.37 per share on Monday, October 28th. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 3rd.

Campbell Soup has increased its dividend by an average of 1.9% per year over the last three years.

Campbell Soup Stock Down 0.5 %

Shares of NASDAQ CPB opened at $50.84 on Friday. The stock has a market capitalization of $15.18 billion, a P/E ratio of 20.58, a PEG ratio of 3.09 and a beta of 0.18. Campbell Soup has a one year low of $37.94 and a one year high of $52.81. The firm’s 50 day simple moving average is $49.07 and its two-hundred day simple moving average is $46.00. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.24.

Campbell Soup (NASDAQ:CPB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. As a group, analysts expect that Campbell Soup will post 3.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CPB. Wells Fargo & Company increased their target price on shares of Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Citigroup increased their price objective on Campbell Soup from $41.00 to $42.00 and gave the stock a “sell” rating in a report on Thursday, May 23rd. Barclays raised their price target on Campbell Soup from $45.00 to $49.00 and gave the stock an “underweight” rating in a research note on Thursday, September 12th. TD Cowen upped their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Finally, Argus raised shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.69.

Campbell Soup Company Profile

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.