Campbell Soup - CPB Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Campbell Soup in the last twelve months. There are currently 1 sell rating 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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9 brokers have issued 1-year price objectives for Campbell Soup's shares. Their CPB share price forecasts range from $45.00 to $52.00. On average, they anticipate the company's share price to reach $47.89 in the next twelve months. This suggests that the stock has a possible downside of 1.5%.
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Campbell Soup's stock was trading at $43.46 at the beginning of 2022. Since then, CPB stock has increased by 11.8% and is now trading at $48.60.
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Campbell Soup saw a decline in short interest in August. As of August 15th, there was short interest totaling 12,100,000 shares, a decline of 9.6% from the July 31st total of 13,380,000 shares. Based on an average trading volume of 2,360,000 shares, the short-interest ratio is currently 5.1 days. Approximately 6.1% of the company's stock are sold short.
View Campbell Soup's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
View our CPB earnings forecast.

Campbell Soup (NYSE:CPB) issued its quarterly earnings data on Thursday, September, 1st. The company reported $0.56 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.56. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. Campbell Soup had a net margin of 8.84% and a trailing twelve-month return on equity of 25.81%. Campbell Soup's revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS.
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Campbell Soup announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Thursday, October 6th will be paid a dividend of $0.37 per share on Monday, October 31st. This represents a $1.48 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Wednesday, October 5th.
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 3.01%. 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 48.21% 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 authorized a share buyback 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 purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Campbell Soup updated its FY 2023 earnings guidance on Thursday, September, 22nd. The company provided earnings per share guidance of $2.85-$2.95 for the period, compared to the consensus EPS estimate of $2.92. The company issued revenue guidance of $8.90 billion-$9.08 billion, compared to the consensus revenue estimate of $8.79 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 investors include State Street Corp (4.19%), Price T Rowe Associates Inc. MD (1.69%), Renaissance Technologies LLC (1.20%), Northern Trust Corp (0.78%), Van ECK Associates Corp (0.72%) and Legal & General Group Plc (0.60%). Insiders that own company stock include Adam G Ciongoli, 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 $48.60.

Campbell Soup (NYSE:CPB) has a market capitalization of $14.61 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 14,100 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.