Campbell Soup (CPB) – Research Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Campbell Soup (NASDAQ: CPB) in the last few weeks:

• 9/20/2024 – Campbell Soup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/20/2024 – Campbell Soup was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock.
• 9/13/2024 – Campbell Soup had its price target raised by analysts at Royal Bank of Canada from $47.00 to $51.00. They now have a “sector perform” rating on the stock.
• 9/12/2024 – Campbell Soup had its price target raised by analysts at Barclays PLC from $45.00 to $49.00. They now have an “underweight” rating on the stock.
• 9/12/2024 – Campbell Soup had its price target raised by analysts at TD Cowen from $47.00 to $51.00. They now have a “hold” rating on the stock.
• 9/11/2024 – Campbell Soup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/11/2024 – Campbell Soup had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $57.00. They now have an “overweight” rating on the stock.
• 9/11/2024 – Campbell Soup had its price target raised by analysts at Wells Fargo & Company from $49.00 to $51.00. They now have an “equal weight” rating on the stock.
• 9/5/2024 – Campbell Soup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/30/2024 – Campbell Soup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/30/2024 – Campbell Soup had its price target raised by analysts at Wells Fargo & Company from $47.00 to $49.00. They now have an “equal weight” rating on the stock.
• 8/27/2024 – Campbell Soup had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $47.00 price target on the stock.
• 8/27/2024 – Campbell Soup had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $45.00 price target on the stock.
• 8/21/2024 – Campbell Soup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/21/2024 – Campbell Soup had its price target raised by analysts at TD Cowen from $46.00 to $47.00. They now have a “hold” rating on the stock.
• 8/13/2024 – Campbell Soup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/2/2024 – Campbell Soup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 7/25/2024 – Campbell Soup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Campbell Soup Stock Up 0.7 %

NASDAQ:CPB opened at $51.21 on Monday. The stock’s fifty day simple moving average is $49.19 and its 200-day simple moving average is $46.09. The company has a quick ratio of 0.24, a current ratio of 0.61 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $15.29 billion, a P/E ratio of 20.73, a P/E/G ratio of 3.09 and a beta of 0.18. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $52.81.

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

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Thursday, October 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, October 3rd. Campbell Soup’s dividend payout ratio is presently 59.92%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS Group AG grew its stake in Campbell Soup by 116.4% during the fourth quarter. UBS Group AG now owns 463,602 shares of the company’s stock worth $20,042,000 after purchasing an additional 249,326 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Campbell Soup by 6.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,196 shares of the company’s stock valued at $268,000 after purchasing an additional 384 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of Campbell Soup during the fourth quarter valued at approximately $459,000. US Bancorp DE grew its holdings in Campbell Soup by 14.8% during the fourth quarter. US Bancorp DE now owns 29,693 shares of the company’s stock worth $1,284,000 after buying an additional 3,836 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Campbell Soup by 2.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 176,486 shares of the company’s stock valued at $7,629,000 after buying an additional 4,620 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.