Campbell Soup (CPB) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Campbell Soup in the last twelve months. There are currently 2 sell ratings and 8 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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10 Wall Street research analysts have issued 12-month price targets for Campbell Soup's stock. Their CPB share price forecasts range from $45.00 to $57.00. On average, they anticipate the company's stock price to reach $51.92 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price.
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Campbell Soup's stock was trading at $56.75 on January 1st, 2023. Since then, CPB shares have decreased by 9.3% and is now trading at $51.47.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our CPB earnings forecast.

Campbell Soup will be holding an earnings conference call on Wednesday, June 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Campbell Soup (NYSE:CPB) posted its earnings results on Wednesday, March, 8th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.06. The company had revenue of $2.49 billion for the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS.
Read the conference call transcript.

Campbell Soup declared a quarterly dividend on Tuesday, May 23rd. Investors of record on Thursday, July 6th will be given a dividend of $0.37 per share on Monday, July 31st. This represents a $1.48 annualized dividend and a yield of 2.88%. The ex-dividend date is Wednesday, July 5th.
Read our dividend analysis for CPB.

ETFs with the largest weight of Campbell Soup (NYSE:CPB) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco Dynamic Food & Beverage ETF (PBJ), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), ASYMmetric Smart S&P 500 ETF (ASPY), Strategas Macro Thematic Opportunities ETF (SAMT), First Trust Consumer Staples AlphaDEX Fund (FXG) and Global X S&P 500 Quality Dividend ETF (QDIV).

Campbell Soup (NYSE:CPB) pays an annual dividend of $1.48 per share and currently has a dividend yield of 2.93%. 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 declared that its Board of Directors has initiated a stock buyback plan on Wednesday, September 1st 2021, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 3.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Campbell Soup issued an update on its FY23 earnings guidance on Wednesday, March, 8th. The company provided EPS 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."

Campbell Soup's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.90%), State Street Corp (3.55%), Geode Capital Management LLC (1.46%), Renaissance Technologies LLC (1.18%), First Trust Advisors LP (0.77%) and Envestnet Asset Management Inc. (0.77%). 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 $51.47.

Campbell Soup (NYSE:CPB) has a market capitalization of $15.41 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.