Campbell Soup (CPB) Stock Forecast, Price & News

13 Wall Street 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 analysts is that investors should "reduce" CPB shares.
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13 brokerages have issued 12 month price targets for Campbell Soup's shares. 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 13.9% 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 shares have decreased by 27.0% and is now trading at $41.45.
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Campbell Soup saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 12,650,000 shares, a decline of 10.2% from the August 15th total of 14,080,000 shares. Based on an average daily trading volume, of 2,610,000 shares, the short-interest ratio is presently 4.8 days. Currently, 6.4% of the shares of the 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) released its quarterly earnings results on Thursday, August, 31st. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.06 billion. Campbell Soup had a trailing twelve-month return on equity of 25.14% and a net margin of 9.17%. Campbell Soup's revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share.
Read the conference call transcript.

Campbell Soup announced a quarterly dividend on Wednesday, September 20th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.37 per share on Monday, October 30th. This represents a $1.48 annualized dividend and a yield of 3.57%. The ex-dividend date is Wednesday, October 4th.
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 3.53%. 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 EPS guidance of $3.09-$3.15 for the period, compared to the consensus earnings per share 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 a variety of institutional and retail 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.
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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 $41.45.

Campbell Soup (NYSE:CPB) has a market capitalization of $12.35 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 14,500 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.