Campbell Soup (NASDAQ:CPB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Campbell Soup (NASDAQ:CPB) have been given an average rating of “Hold” by the twelve research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $51.58.

Several analysts have issued reports on CPB shares. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. TD Cowen increased their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Wells Fargo & Company lifted their target price on Campbell Soup from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a research report on Tuesday, August 27th. Finally, Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $55.00 to $58.00 in a research report on Monday, October 7th.

Campbell Soup Price Performance

NASDAQ CPB opened at $45.93 on Tuesday. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81. The business’s fifty day moving average is $47.30 and its two-hundred day moving average is $47.03. The stock has a market capitalization of $13.67 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.60 and a beta of 0.19. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the company posted $0.50 EPS. Campbell Soup’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts forecast that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. Campbell Soup’s dividend payout ratio (DPR) is presently 78.31%.

Hedge Funds Weigh In On Campbell Soup

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

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.