Campbell Soup - CPB Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Campbell Soup in the last twelve months. There are currently 3 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CPB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPB, but not buy additional shares or sell existing shares.
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10 brokerages have issued 12 month price objectives for Campbell Soup's shares. Their CPB share price forecasts range from $45.00 to $57.00. On average, they anticipate the company's stock price to reach $51.09 in the next year. This suggests that the stock has a possible downside of 0.1%.
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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 9.9% and is now trading at $51.13.
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Campbell Soup saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 16,020,000 shares, an increase of 28.8% from the November 30th total of 12,440,000 shares. Based on an average daily trading volume, of 2,490,000 shares, the days-to-cover ratio is presently 6.4 days. Approximately 8.1% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
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Campbell Soup (NYSE:CPB) released its quarterly earnings results on Wednesday, December, 7th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.16. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a net margin of 8.91% and a trailing twelve-month return on equity of 26.43%. The business's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS.
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Campbell Soup announced a quarterly dividend on Wednesday, November 30th. Investors of record on Thursday, January 5th will be paid a dividend of $0.37 per share on Monday, January 30th. This represents a $1.48 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Wednesday, January 4th.
Read our dividend analysis for CPB.

Campbell Soup (NYSE:CPB) pays an annual dividend of $1.48 per share and currently has a dividend yield of 2.92%. The dividend payout ratio is 56.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPB will have a dividend payout ratio of 46.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPB.

Campbell Soup declared that its Board of Directors has initiated a share buyback program on Wednesday, September 1st 2021, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Campbell Soup updated its FY23 earnings guidance on Wednesday, December, 7th. The company provided earnings per share (EPS) guidance of $2.90-3.00 for the period, compared to the consensus earnings per share estimate of $2.91. The company issued revenue guidance of +7-9% yr/yr to $9.19-9.33 billion, compared to the consensus revenue estimate of $9.00 billion.

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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.36%), RK Asset Management LLC (0.04%), Manning & Napier Group LLC (0.04%), Meyer Handelman Co. (0.04%), Sicart Associates LLC (0.03%) and Cyndeo Wealth Partners LLC (0.02%). 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 $51.13.

Campbell Soup (NYSE:CPB) has a market capitalization of $15.31 billion and generates $8.56 billion in revenue each year. The company earns $757 million in net income (profit) each year or $2.63 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.