Campbell Soup - CPB Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Campbell Soup in the last twelve months. There are currently 3 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street equities 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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11 brokers have issued 1-year target prices for Campbell Soup's shares. Their CPB share price forecasts range from $45.00 to $56.00. On average, they anticipate the company's share price to reach $50.80 in the next twelve months. This suggests that the stock has a possible downside of 10.2%.
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Campbell Soup's stock was trading at $43.46 at the start of the year. Since then, CPB stock has increased by 30.2% and is now trading at $56.57.
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Campbell Soup saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 13,930,000 shares, an increase of 6.7% from the October 15th total of 13,050,000 shares. Based on an average trading volume of 2,340,000 shares, the short-interest ratio is currently 6.0 days. Currently, 7.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
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Campbell Soup (NYSE:CPB) posted its quarterly earnings data on Wednesday, December, 7th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.15. The company earned $2.58 billion during the quarter, compared to analysts' expectations of $2.44 billion. Campbell Soup had a trailing twelve-month return on equity of 25.81% and a net margin of 8.84%. Campbell Soup's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share.
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Campbell Soup declared 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 dividend yield of 2.62%. 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 2.79%. The dividend payout ratio is 59.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPB will have a dividend payout ratio of 48.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPB.

Campbell Soup announced that its Board of Directors has initiated a stock repurchase program on Wednesday, September 1st 2021, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Campbell Soup issued an update on its FY23 earnings guidance on Wednesday, December, 7th. The company provided earnings per share 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 investors include Vanguard Group Inc. (7.89%), BlackRock Inc. (5.44%), State Street Corp (3.54%), Beutel Goodman & Co Ltd. (2.08%), Bank of New York Mellon Corp (1.39%) and Price T Rowe Associates Inc. MD (1.17%). 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 $56.57.

Campbell Soup (NYSE:CPB) has a market capitalization of $16.96 billion and generates $8.56 billion in revenue each year. The company earns $757 million in net income (profit) each year or $2.50 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.