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.

Campbell Soup Price Performance

Shares of NYSE:CPB opened at $50.05 on Tuesday. Campbell Soup has a 1-year low of $39.76 and a 1-year high of $51.94. The firm's 50 day simple moving average is $48.18 and its two-hundred day simple moving average is $46.48. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.69 and a quick ratio of 0.30. The company has a market capitalization of $15.04 billion, a P/E ratio of 15.99, a P/E/G ratio of 10.65 and a beta of 0.37.

Campbell Soup (NYSE:CPB - Get Rating) last released its earnings results on Wednesday, June 8th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. Campbell Soup had a net margin of 11.23% and a return on equity of 26.07%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The company's quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Campbell Soup will post 2.83 EPS for the current fiscal year.

Campbell Soup Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Thursday, July 7th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Wednesday, July 6th. Campbell Soup's dividend payout ratio (DPR) is presently 47.28%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CPB shares. Credit Suisse Group lifted their price target on shares of Campbell Soup to $46.00 in a research note on Thursday, June 9th. Stifel Nicolaus boosted their target price on shares of Campbell Soup from $46.00 to $48.00 in a research report on Thursday, June 9th. Piper Sandler boosted their target price on shares of Campbell Soup from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Monday, June 13th. StockNews.com upgraded shares of Campbell Soup from a "hold" rating to a "buy" rating in a research report on Saturday, May 14th. Finally, UBS Group boosted their target price on shares of Campbell Soup to $43.00 in a research report on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.10.

Insider Transactions at Campbell Soup

In other news, EVP Adam G. Ciongoli sold 17,924 shares of the business's stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $50.01, for a total value of $896,379.24. Following the transaction, the executive vice president now owns 129,919 shares of the company's stock, valued at $6,497,249.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Adam G. Ciongoli sold 17,924 shares of the company's stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $50.01, for a total transaction of $896,379.24. Following the sale, the executive vice president now owns 129,919 shares of the company's stock, valued at $6,497,249.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Craig Slavtcheff sold 13,110 shares of the company's stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $47.00, for a total transaction of $616,170.00. Following the sale, the executive vice president now directly owns 32,242 shares in the company, valued at approximately $1,515,374. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,563 shares of company stock valued at $3,612,348. 35.62% of the stock is currently owned by corporate insiders.