Campbell Soup (NASDAQ:CPB) Given Sector Perform Rating at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Campbell Soup (NASDAQ:CPB) in a report issued on Monday morning,Benzinga reports. Royal Bank of Canada currently has a $51.00 target price on the stock.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company lifted their price target on Campbell Soup from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Campbell Soup in a research note on Tuesday, August 27th. Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Friday, September 20th. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $47.00 to $56.00 in a research report on Thursday, November 14th. Finally, Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Campbell Soup has a consensus rating of “Hold” and an average price target of $51.58.

Campbell Soup Stock Up 0.1 %

Campbell Soup stock opened at $46.23 on Monday. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52. Campbell Soup has a 1-year low of $40.18 and a 1-year high of $52.81. The company has a fifty day simple moving average of $46.71 and a 200 day simple moving average of $47.04. The company has a market cap of $13.76 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 2.66 and a beta of 0.19.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.20%. Campbell Soup’s dividend payout ratio is presently 78.31%.

Hedge Funds Weigh In On Campbell Soup

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPB. nVerses Capital LLC acquired a new position in shares of Campbell Soup in the 3rd quarter valued at approximately $34,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Campbell Soup during the second quarter worth $32,000. Ashton Thomas Securities LLC bought a new stake in Campbell Soup during the third quarter worth $39,000. TruNorth Capital Management LLC bought a new position in shares of Campbell Soup in the 2nd quarter valued at $44,000. Finally, Rothschild Investment LLC bought a new position in shares of Campbell Soup in the 2nd quarter valued at $44,000. 52.35% of the stock is owned by institutional investors and hedge funds.

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.