Campbell Soup - CPB Stock Forecast, Price & News

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; and Campbell's tomato juice. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products; Milano cookies and Goldfish crackers; and Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and other snacking products. This segment is also involved in the retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was founded in 1869 and is headquartered in Camden, New Jersey.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Campbell Soup to $43.00 in a research report on Thursday, June 9th. Piper Sandler raised their price target on shares of Campbell Soup from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Monday, June 13th. Credit Suisse Group raised their target price on shares of Campbell Soup to $46.00 in a research note on Thursday, June 9th. Stifel Nicolaus boosted their target price on shares of Campbell Soup from $46.00 to $48.00 in a research note on Thursday, June 9th. Finally, Citigroup boosted their target price on shares of Campbell Soup from $46.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $46.10.

Campbell Soup Price Performance

Shares of CPB traded up $0.14 during trading hours on Tuesday, hitting $49.68. 1,208,922 shares of the company were exchanged, compared to its average volume of 2,586,493. The company has a market capitalization of $14.93 billion, a PE ratio of 15.87, a PEG ratio of 10.54 and a beta of 0.37. The firm has a fifty day simple moving average of $47.87 and a 200-day simple moving average of $46.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.69 and a quick ratio of 0.30. Campbell Soup has a one year low of $39.76 and a one year high of $51.94.

Campbell Soup (NYSE:CPB - Get Rating) last posted its earnings results on Wednesday, June 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. Campbell Soup had a return on equity of 26.07% and a net margin of 11.23%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the company earned $0.57 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Campbell Soup will post 2.83 earnings per share for the current year.

Campbell Soup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Thursday, July 7th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Wednesday, July 6th. Campbell Soup's dividend payout ratio (DPR) is 47.28%.

Insider Buying and Selling

In other Campbell Soup news, EVP Craig Slavtcheff sold 13,110 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $47.00, for a total value of $616,170.00. Following the transaction, the executive vice president now directly owns 32,242 shares of the company's stock, valued at approximately $1,515,374. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, VP Stanley Polomski sold 10,335 shares of the stock in a transaction on Monday, June 27th. The shares were sold at an average price of $48.20, for a total value of $498,147.00. Following the transaction, the vice president now owns 28,176 shares of the company's stock, valued at approximately $1,358,083.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Craig Slavtcheff sold 13,110 shares of the stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $47.00, for a total transaction of $616,170.00. Following the sale, the executive vice president now directly owns 32,242 shares of the company's stock, valued at approximately $1,515,374. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,639 shares of company stock valued at $2,715,969. Company insiders own 35.62% of the company's stock.