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

Shares of Campbell Soup (NASDAQ:CPB) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $50.75.

Several equities analysts have recently issued reports on CPB shares. Stifel Nicolaus decreased their target price on Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. DA Davidson reaffirmed a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Argus raised shares of 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. Finally, Citigroup dropped their price objective 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.

Campbell Soup Stock Up 0.5 %

Shares of Campbell Soup stock opened at $38.81 on Wednesday. The business has a fifty day simple moving average of $42.93 and a 200 day simple moving average of $46.40. The stock has a market cap of $11.57 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. Campbell Soup has a 12 month low of $37.61 and a 12 month high of $52.81.

Campbell Soup Increases Dividend

The business also recently announced 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 represents a $1.56 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is currently 85.25%.

Insiders Place Their Bets

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Campbell Soup during the 3rd quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup during the 2nd quarter worth $32,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup in the third quarter worth $39,000. Friedenthal Financial acquired a new position in Campbell Soup in the third quarter valued at about $48,000. Finally, EverSource Wealth Advisors LLC lifted its position in Campbell Soup by 463.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,747 shares of the company’s stock worth $82,000 after purchasing an additional 1,437 shares during the period. Institutional investors 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.