Campbell Soup (NYSE:CPB) PT Raised to $47.00

Campbell Soup (NYSE:CPB) had its price target lifted by Wells Fargo & Company from $45.00 to $47.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities analysts have also recently weighed in on CPB. Citigroup lifted their price objective on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a sell rating in a research report on Thursday, May 23rd. Evercore ISI began coverage on Campbell Soup in a research report on Wednesday, March 13th. They set an in-line rating and a $49.00 price target on the stock. Piper Sandler restated a neutral rating and set a $47.00 price objective on shares of Campbell Soup in a research report on Tuesday, March 26th. Sanford C. Bernstein upgraded Campbell Soup from an underperform rating to a market perform rating and upped their target price for the company from $42.00 to $46.00 in a report on Wednesday, May 15th. Finally, Royal Bank of Canada restated a sector perform rating and set a $47.00 price target on shares of Campbell Soup in a report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $46.41.

Campbell Soup Stock Down 1.5 %

Shares of Campbell Soup stock opened at $42.86 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $46.97. The firm has a market capitalization of $12.78 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.83 and a beta of 0.19. The stock’s fifty day moving average is $44.67 and its 200-day moving average is $43.57.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.50%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. Equities analysts anticipate that Campbell Soup will post 3.09 earnings per share for the current year.

Campbell Soup Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.45%. The ex-dividend date is Wednesday, July 3rd. Campbell Soup’s payout ratio is 59.92%.

Institutional Trading of Campbell Soup

Several large investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV raised its stake in shares of Campbell Soup by 165.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock valued at $28,000 after acquiring an additional 406 shares in the last quarter. Mather Group LLC. bought a new position in shares of Campbell Soup in the first quarter valued at approximately $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Campbell Soup in the fourth quarter worth $31,000. Larson Financial Group LLC grew its stake in Campbell Soup by 3,760.9% in the 1st quarter. Larson Financial Group LLC now owns 888 shares of the company’s stock valued at $39,000 after buying an additional 865 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Campbell Soup by 79.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,011 shares of the company’s stock worth $44,000 after acquiring an additional 449 shares during the period. Institutional investors own 52.35% of the company’s stock.

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.