Campbell Soup - CPB Stock Forecast, Price & News

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products 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. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; and Campbell's tomato juice. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products; Milano cookies and Goldfish crackers; and Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and other snacking products. This segment is also involved in the retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was founded in 1869 and is headquartered in Camden, New Jersey.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CPB. Stifel Nicolaus raised their price target on shares of Campbell Soup from $46.00 to $48.00 in a research report on Thursday, June 9th. UBS Group raised their price target on shares of Campbell Soup to $43.00 in a research report on Thursday, June 9th. Credit Suisse Group raised their price target on shares of Campbell Soup to $46.00 in a research report on Thursday, June 9th. Citigroup raised their price target on shares of Campbell Soup from $46.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, June 9th. Finally, StockNews.com upgraded shares of Campbell Soup from a "hold" rating to a "buy" rating in a research report on Saturday, May 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.10.

Campbell Soup Price Performance

Shares of CPB traded down $0.15 during trading hours on Friday, hitting $49.94. The stock had a trading volume of 1,103,825 shares, compared to its average volume of 1,882,718. The company's fifty day moving average is $48.10 and its two-hundred day moving average is $46.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.69 and a quick ratio of 0.30. Campbell Soup has a 52 week low of $39.76 and a 52 week high of $51.94. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 10.69 and a beta of 0.37.

Campbell Soup (NYSE:CPB - Get Rating) last announced its quarterly earnings results on Wednesday, June 8th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.09. The company had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2.04 billion. Campbell Soup had a return on equity of 26.07% and a net margin of 11.23%. Campbell Soup's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. On average, analysts anticipate that Campbell Soup will post 2.83 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 1st. Shareholders of record on Thursday, July 7th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Wednesday, July 6th. Campbell Soup's dividend payout ratio is 47.28%.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Adam G. Ciongoli sold 32,194 shares of the firm's stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $49.75, for a total transaction of $1,601,651.50. Following the completion of the sale, the executive vice president now owns 129,919 shares of the company's stock, valued at approximately $6,463,470.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Adam G. Ciongoli sold 32,194 shares of Campbell Soup stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $49.75, for a total transaction of $1,601,651.50. Following the completion of the sale, the executive vice president now owns 129,919 shares of the company's stock, valued at $6,463,470.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Craig Slavtcheff sold 13,110 shares of Campbell Soup stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $47.00, for a total value of $616,170.00. Following the sale, the executive vice president now directly owns 32,242 shares of the company's stock, valued at approximately $1,515,374. The disclosure for this sale can be found here. Insiders sold 73,563 shares of company stock valued at $3,612,348 in the last quarter. 35.62% of the stock is currently owned by insiders.