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

Shares of Campbell Soup (NASDAQ:CPB) have been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $50.75.

CPB has been the topic of a number of recent research reports. Citigroup lowered their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. Barclays dropped their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. DA Davidson reissued a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a research report on Wednesday, December 4th. Finally, Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and raised their price target for the company from $47.00 to $56.00 in a report on Thursday, November 14th.

Insider Transactions at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.19% of the company’s stock.

Institutional Investors Weigh In On Campbell Soup

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in shares of Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares during the period. Raymond James Trust N.A. increased its position in Campbell Soup by 43.8% in the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after purchasing an additional 2,809 shares during the period. FMR LLC increased its position in Campbell Soup by 34.2% in the third quarter. FMR LLC now owns 165,494 shares of the company’s stock worth $8,096,000 after purchasing an additional 42,216 shares during the period. Centiva Capital LP acquired a new position in Campbell Soup during the 3rd quarter valued at about $2,806,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after purchasing an additional 363,736 shares during the last quarter. 52.35% of the stock is owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

Shares of CPB opened at $38.81 on Wednesday. Campbell Soup has a 52 week low of $37.61 and a 52 week high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The company has a market capitalization of $11.57 billion, a PE ratio of 21.21, a PEG ratio of 2.96 and a beta of 0.19. The company’s 50 day moving average price is $42.93 and its 200 day moving average price is $46.40.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 4.02%. Campbell Soup’s dividend payout ratio is 85.25%.

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.