Brokerages Set Campbell Soup (NYSE:CPB) PT at $46.38

Campbell Soup (NYSE:CPB - Get Free Report) has earned an average rating of "Reduce" from the fourteen brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.38.

CPB has been the topic of a number of recent research reports. Royal Bank of Canada restated a "sector perform" rating and issued a $47.00 price objective on shares of Campbell Soup in a research note on Thursday, March 14th. DA Davidson began coverage on shares of Campbell Soup in a report on Friday, March 1st. They set a "buy" rating and a $48.00 price objective on the stock. Citigroup assumed coverage on shares of Campbell Soup in a report on Thursday, February 1st. They set a "sell" rating and a $41.00 price objective on the stock. Piper Sandler restated a "neutral" rating and set a $47.00 target price on shares of Campbell Soup in a research report on Tuesday, March 26th. Finally, Evercore ISI assumed coverage on shares of Campbell Soup in a research report on Wednesday, March 13th. They set an "in-line" rating and a $49.00 target price for the company.

Hedge Funds Weigh In On Campbell Soup

Several institutional investors have recently modified their holdings of CPB. Vanguard Group Inc. grew its stake in shares of Campbell Soup by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 23,259,524 shares of the company's stock worth $1,036,678,000 after acquiring an additional 1,387,605 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Campbell Soup by 2.1% during the first quarter. BlackRock Inc. now owns 17,657,529 shares of the company's stock worth $970,811,000 after buying an additional 357,500 shares in the last quarter. State Street Corp lifted its holdings in shares of Campbell Soup by 16.8% during the first quarter. State Street Corp now owns 12,182,043 shares of the company's stock worth $542,954,000 after buying an additional 1,749,650 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Campbell Soup by 97.2% during the fourth quarter. Van ECK Associates Corp now owns 7,329,256 shares of the company's stock worth $316,844,000 after buying an additional 3,613,495 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Campbell Soup by 6.8% during the third quarter. Invesco Ltd. now owns 5,035,674 shares of the company's stock worth $206,865,000 after buying an additional 318,983 shares in the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Price Performance

Shares of CPB traded up $0.38 during mid-day trading on Monday, hitting $42.69. 2,060,604 shares of the company were exchanged, compared to its average volume of 2,756,703. Campbell Soup has a 1-year low of $37.94 and a 1-year high of $55.52. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.43 and a current ratio of 1.01. The company has a 50 day moving average of $42.95 and a 200-day moving average of $42.31. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 2.77 and a beta of 0.24.

Campbell Soup (NYSE:CPB - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. Campbell Soup's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Analysts expect that Campbell Soup will post 3.05 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 annualized dividend and a yield of 3.47%. Campbell Soup's dividend payout ratio is currently 57.81%.

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.