Campbell Soup - CPB Stock Forecast, Price & News

9 Wall Street equities research 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 equities research 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 brokerages have issued 1 year price objectives for Campbell Soup's stock. Their CPB share price forecasts range from $45.00 to $52.00. On average, they anticipate the company's stock 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 on January 1st, 2022. Since then, CPB shares have increased by 11.8% and is now trading at $48.60.
View the best growth stocks for 2022 here.

Campbell Soup saw a drop in short interest in August. As of August 15th, there was short interest totaling 12,100,000 shares, a drop of 9.6% from the July 31st total of 13,380,000 shares. Based on an average daily trading volume, of 2,360,000 shares, the short-interest ratio is currently 5.1 days. Currently, 6.1% of the shares of the 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) released its earnings results on Thursday, September, 1st. The company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.56. The company earned $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. Campbell Soup had a net margin of 8.84% and a trailing twelve-month return on equity of 25.81%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share.
Read the conference call transcript.

Campbell Soup declared 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 of this dividend 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 has initiated a share repurchase program 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 programs are usually an indication that the company's board of directors believes its stock is undervalued.

Campbell Soup issued an update on its FY 2023 earnings guidance on Thursday, September, 22nd. The company provided earnings per share (EPS) 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 many different 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.
View institutional ownership trends.

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.