Campbell Soup - CPB Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Campbell Soup in the last year. 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 brokerages have issued 1 year price objectives for Campbell Soup's stock. Their CPB share price forecasts range from $45.00 to $57.00. On average, they expect the company's share price to reach $51.09 in the next twelve months. This suggests a possible upside of 0.5% 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 stock has decreased by 10.4% and is now trading at $50.83.
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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) released its earnings results on Wednesday, December, 7th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.16. The firm earned $2.58 billion during the quarter, compared to analyst estimates of $2.44 billion. Campbell Soup had a trailing twelve-month return on equity of 26.43% and a net margin of 8.91%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share.
Read the conference call transcript.

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 dividend yield of 2.91%. 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 2.86%. 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 of Directors has authorized a stock buyback plan on Wednesday, September 1st 2021, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 3.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Campbell Soup issued an update on its FY23 earnings guidance on Wednesday, December, 7th. The company provided 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 many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.36%), Bank of Montreal Can (0.23%), Tobam (0.22%), Zurcher Kantonalbank Zurich Cantonalbank (0.09%), CapWealth Advisors LLC (0.09%) and New York State Common Retirement Fund (0.07%). 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 $50.83.

Campbell Soup (NYSE:CPB) has a market capitalization of $15.22 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.