Campbell Soup (NASDAQ:CPB) Given Average Recommendation of “Hold” by Analysts

Campbell Soup (NASDAQ:CPB) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $50.92.

CPB has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 5th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $55.00 to $58.00 in a report on Monday, October 7th. DA Davidson reissued a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th. Barclays decreased their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Finally, Stephens reissued an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th.

Hedge Funds Weigh In On Campbell Soup

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPB. McAdam LLC acquired a new position in shares of Campbell Soup during the 2nd quarter worth approximately $235,000. AMG National Trust Bank bought a new position in Campbell Soup in the 2nd quarter valued at approximately $242,000. Raymond James Trust N.A. increased its holdings in Campbell Soup by 19.2% in the second quarter. Raymond James Trust N.A. now owns 6,419 shares of the company’s stock valued at $290,000 after purchasing an additional 1,033 shares during the period. Cypress Capital Group raised its stake in Campbell Soup by 25.7% during the second quarter. Cypress Capital Group now owns 8,133 shares of the company’s stock worth $368,000 after buying an additional 1,663 shares during the last quarter. Finally, Significant Wealth Partners LLC grew its position in shares of Campbell Soup by 36.4% during the 2nd quarter. Significant Wealth Partners LLC now owns 8,034 shares of the company’s stock worth $363,000 after buying an additional 2,145 shares during the period. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Trading Down 0.2 %

Campbell Soup stock opened at $41.50 on Friday. The business’s 50-day simple moving average is $45.20 and its 200-day simple moving average is $46.79. The firm has a market capitalization of $12.37 billion, a PE ratio of 22.68, a PEG ratio of 2.96 and a beta of 0.18. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a 52 week low of $40.26 and a 52 week high of $52.81.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a $0.39 dividend. The ex-dividend date is Thursday, January 2nd. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.76%. Campbell Soup’s payout ratio is currently 85.25%.

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.