Campbell Soup (CPB) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Campbell Soup in the last twelve months. There are currently 4 sell ratings and 9 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" CPB shares.
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13 brokers have issued 1-year price targets for Campbell Soup's stock. Their CPB share price forecasts range from $40.00 to $53.00. On average, they expect the company's stock price to reach $47.21 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
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Campbell Soup's stock was trading at $56.75 at the beginning of the year. Since then, CPB stock has decreased by 24.4% and is now trading at $42.91.
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Campbell Soup saw a decrease in short interest in August. As of August 31st, there was short interest totaling 12,650,000 shares, a decrease of 10.2% from the August 15th total of 14,080,000 shares. Based on an average trading volume of 2,610,000 shares, the short-interest ratio is currently 4.8 days. Approximately 6.4% of the company's stock are short sold.
View Campbell Soup's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 6th 2023.
View our CPB earnings forecast.

Campbell Soup (NYSE:CPB) issued its quarterly earnings data on Thursday, August, 31st. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The business earned $2.10 billion during the quarter, compared to the consensus estimate of $2.06 billion. Campbell Soup had a net margin of 9.17% and a trailing twelve-month return on equity of 25.14%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS.
Read the conference call transcript.

Campbell Soup declared a quarterly dividend on Wednesday, September 20th. Investors of record on Thursday, October 5th will be paid a dividend of $0.37 per share on Monday, October 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.45%.
Read our dividend analysis for CPB.

ETFs with the largest weight of Campbell Soup (NYSE:CPB) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS), Invesco Food & Beverage ETF (PBJ), First Trust Consumer Staples AlphaDEX Fund (FXG), ASYMmetric Smart S&P 500ETF (ASPY), First Trust Long/Short Equity ETF (FTLS) and Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index ETF (SZNE).

Campbell Soup (NYSE:CPB) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.47%. The dividend payout ratio is 51.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPB will have a dividend payout ratio of 45.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPB.

Campbell Soup updated its FY24 earnings guidance on Thursday, August, 31st. The company provided earnings per share guidance of $3.09-$3.15 for the period, compared to the consensus EPS estimate of $3.09.

94 employees have rated Campbell Soup Chief Executive Officer Mark Clouse on Glassdoor.com. Mark Clouse has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Campbell Soup investors own include AT&T (T), Intel (INTC), Johnson & Johnson (JNJ), Pfizer (PFE), Cisco Systems (CSCO), CVS Health (CVS), Verizon Communications (VZ), General Electric (GE), JPMorgan Chase & Co. (JPM) and Procter & Gamble (PG).

Campbell Soup trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPB."

Campbell Soup's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (6.13%), State Street Corp (3.63%), Beutel Goodman & Co Ltd. (1.77%), Brandywine Trust Co. (1.63%), Geode Capital Management LLC (1.51%) and Renaissance Technologies LLC (1.45%). Insiders that own company stock include Adam G Ciongoli, Anthony Sanzio, Craig Slavtcheff and Stanley Polomski.
View institutional ownership trends.

Shares of CPB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CPB stock can currently be purchased for approximately $42.91.

Campbell Soup (NYSE:CPB) has a market capitalization of $12.79 billion and generates $9.36 billion in revenue each year. The company earns $858 million in net income (profit) each year or $2.86 on an earnings per share basis.

The company employs 14,700 workers across the globe.

Campbell Soup's mailing address is 1 CAMPBELL PL, CAMDEN NJ, 08103. The official website for the company is www.campbellsoupcompany.com. The company can be reached via phone at (856) 342-4800, via email at ken_gosnell@campbellsoup.com, or via fax at 856-342-3878.