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 3 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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10 analysts have issued 1 year price targets 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 1.1%.
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Campbell Soup's stock was trading at $56.75 on January 1st, 2023. Since then, CPB shares have decreased by 9.0% and is now trading at $51.67.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
View our CPB earnings forecast.

Campbell Soup (NYSE:CPB) announced its earnings results on Wednesday, December, 7th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.16. The company earned $2.58 billion during the quarter, compared to analysts' expectations of $2.44 billion. Campbell Soup had a net margin of 8.91% and a trailing twelve-month return on equity of 26.43%. Campbell Soup's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.89 earnings per share.
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Campbell Soup announced a quarterly dividend on Wednesday, November 30th. Shareholders of record on Thursday, January 5th will be given a dividend of $0.37 per share on Monday, January 30th. This represents a $1.48 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend 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 2.85%. 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 has authorized a share repurchase plan on Wednesday, September 1st 2021, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 3.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership 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 a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.36%), Bank of Montreal Can (0.23%), Zurcher Kantonalbank Zurich Cantonalbank (0.09%), CapWealth Advisors LLC (0.09%), New York State Common Retirement Fund (0.07%) and RK Asset Management LLC (0.04%). 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 $51.67.

Campbell Soup (NYSE:CPB) has a market capitalization of $15.47 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.