The Campbell Soup Company (NASDAQ:CPB) Given Average Rating of “Hold” by Brokerages

The Campbell Soup Company (NASDAQ:CPB) has earned a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $44.86.

Several equities research analysts have recently commented on the company. Stephens reissued an “overweight” rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Wells Fargo & Company decreased their target price on Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Barclays lowered their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, December 6th. Consumer Edge reaffirmed an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Finally, Bank of America lowered their price objective on shares of Campbell Soup from $45.00 to $41.00 and set an “underperform” rating on the stock in a research note on Thursday, March 6th.

Campbell Soup Price Performance

Campbell Soup stock opened at $39.72 on Monday. The company has a market cap of $11.84 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.71 and a beta of 0.15. Campbell Soup has a one year low of $36.92 and a one year high of $52.81. The business has a fifty day moving average of $39.08 and a two-hundred day moving average of $43.03. 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 (NASDAQ:CPB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts predict that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 3.93%. Campbell Soup’s dividend payout ratio (DPR) is currently 90.17%.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the transaction, the executive vice president now directly owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 20.19% of the stock is owned by corporate insiders.

Institutional Trading of Campbell Soup

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC boosted its position in shares of Campbell Soup by 2.8% in the fourth quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock worth $404,000 after acquiring an additional 262 shares during the last quarter. Principal Securities Inc. increased its position in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares during the last quarter. SPC Financial Inc. raised its stake in Campbell Soup by 2.3% during the fourth quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock worth $569,000 after purchasing an additional 300 shares during the period. Ascent Wealth Partners LLC boosted its holdings in shares of Campbell Soup by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock valued at $845,000 after purchasing an additional 306 shares during the last quarter. Finally, DoubleLine ETF Adviser LP grew its stake in shares of Campbell Soup by 2.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company’s stock valued at $487,000 after buying an additional 312 shares during the period. Hedge funds and other 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.