Analysts Set Campbell Soup (NASDAQ:CPB) Target Price at $50.83

Campbell Soup (NASDAQ:CPB) has earned an average rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $50.83.

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. lifted their target price on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and raised their price target for the company from $55.00 to $58.00 in a research note on Monday, October 7th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price objective on shares of Campbell Soup in a research report on Tuesday, August 27th.

Campbell Soup Stock Down 0.7 %

Shares of NASDAQ CPB opened at $46.33 on Friday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 24.51, a PEG ratio of 2.78 and a beta of 0.19. The stock’s fifty day moving average is $49.03 and its 200 day moving average is $47.06. Campbell Soup has a 52 week low of $39.65 and a 52 week high of $52.81. 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 issued its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were issued a $0.37 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.19%. Campbell Soup’s payout ratio is 78.31%.

Institutional Trading of Campbell Soup

A number of institutional investors and hedge funds have recently bought and sold shares of CPB. Norden Group LLC acquired a new stake in Campbell Soup in the first quarter valued at $560,000. First Trust Direct Indexing L.P. boosted its position in Campbell Soup by 3.3% during the first quarter. First Trust Direct Indexing L.P. now owns 10,136 shares of the company’s stock valued at $451,000 after acquiring an additional 328 shares during the last quarter. HB Wealth Management LLC boosted its position in Campbell Soup by 6.3% during the first quarter. HB Wealth Management LLC now owns 5,872 shares of the company’s stock valued at $261,000 after acquiring an additional 349 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Campbell Soup by 158.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,658 shares of the company’s stock valued at $4,874,000 after acquiring an additional 67,175 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Campbell Soup by 5.5% during the first quarter. BNP Paribas Financial Markets now owns 340,615 shares of the company’s stock valued at $15,140,000 after acquiring an additional 17,672 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.