Campbell Soup - CPB Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Campbell Soup in the last year. There are currently 2 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street 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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9 analysts have issued 12 month price objectives for Campbell Soup's stock. Their CPB share price forecasts range from $45.00 to $57.00. On average, they predict the company's share price to reach $51.33 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for CPB or view top-rated stocks among Wall Street analysts.

Campbell Soup's stock was trading at $56.75 at the start of the year. Since then, CPB shares have decreased by 3.1% and is now trading at $54.98.
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Campbell Soup saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 15,010,000 shares, a drop of 6.4% from the February 13th total of 16,030,000 shares. Based on an average trading volume of 2,610,000 shares, the days-to-cover ratio is presently 5.8 days. Currently, 7.6% 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, June 14th 2023.
View our CPB earnings forecast.

Campbell Soup (NYSE:CPB) posted its quarterly earnings results on Wednesday, March, 8th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.43 billion. Campbell Soup had a trailing twelve-month return on equity of 26.97% and a net margin of 8.86%. The company's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS.
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Campbell Soup declared a quarterly dividend on Wednesday, March 1st. Stockholders of record on Thursday, April 6th will be given a dividend of $0.37 per share on Monday, May 1st. This represents a $1.48 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, April 5th.
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 Dynamic Food & Beverage ETF (PBJ), ASYMmetric Smart S&P 500 ETF (ASPY), First Trust Consumer Staples AlphaDEX Fund (FXG), Strategas Macro Thematic Opportunities ETF (SAMT), Global X S&P 500 Quality Dividend ETF (QDIV) and Timothy Plan High Dividend Stock ETF (TPHD).

Campbell Soup (NYSE:CPB) pays an annual dividend of $1.48 per share and currently has a dividend yield of 2.71%. The dividend payout ratio is 54.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPB will have a dividend payout ratio of 46.54% 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 has approved a share buyback plan on Wednesday, September 1st 2021, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Campbell Soup updated its FY23 earnings guidance on Wednesday, March, 8th. The company provided earnings per share guidance of $2.95-3.00 for the period, compared to the consensus earnings per share estimate of $3.00. The company issued revenue guidance of +8.5-10% yr/yr to ~$9.29-9.42, compared to the consensus revenue estimate of $9.26 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."

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 $54.98.

Campbell Soup (NYSE:CPB) has a market capitalization of $16.47 billion and generates $8.56 billion in revenue each year. The company earns $757 million in net income (profit) each year or $2.70 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.