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.

Campbell Soup Stock Performance

Shares of CPB Stock traded up $0.15 on Thursday, reaching $50.09. The stock had a trading volume of 1,426,312 shares, compared to its average volume of 2,570,855. The stock has a market cap of $15.06 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 10.60 and a beta of 0.37. Campbell Soup has a 1 year low of $39.76 and a 1 year high of $51.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.30 and a current ratio of 0.69. The company has a 50 day simple moving average of $47.93 and a 200 day simple moving average of $46.33.

Campbell Soup (NYSE:CPB - Get Rating) last released its quarterly earnings results on Wednesday, June 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.04 billion. Campbell Soup had a return on equity of 26.07% and a net margin of 11.23%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Equities research analysts expect that Campbell Soup will post 2.83 EPS 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 paid a $0.37 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.95%. Campbell Soup's dividend payout ratio (DPR) is currently 47.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CPB shares. UBS Group lifted their target price on shares of Campbell Soup to $43.00 in a research note on Thursday, June 9th. Credit Suisse Group lifted their price target on shares of Campbell Soup to $46.00 in a research report on Thursday, June 9th. Citigroup lifted their price target on shares of Campbell Soup from $46.00 to $50.00 and gave the company a "neutral" rating in a research report on Thursday, June 9th. StockNews.com raised shares of Campbell Soup from a "hold" rating to a "buy" rating in a research report on Saturday, May 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Campbell Soup from $47.00 to $49.00 in a research report on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $46.10.

Insider Transactions at Campbell Soup

In related news, EVP Adam G. Ciongoli sold 17,924 shares of Campbell Soup stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $50.01, for a total transaction of $896,379.24. Following the transaction, the executive vice president now directly owns 129,919 shares in the company, valued at $6,497,249.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Stanley Polomski sold 10,335 shares of Campbell Soup stock in a transaction on Monday, June 27th. The stock was sold at an average price of $48.20, for a total transaction of $498,147.00. Following the transaction, the vice president now directly owns 28,176 shares in the company, valued at $1,358,083.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Adam G. Ciongoli sold 17,924 shares of Campbell Soup stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $50.01, for a total value of $896,379.24. Following the transaction, the executive vice president now owns 129,919 shares in the company, valued at $6,497,249.19. The disclosure for this sale can be found here. Insiders have sold a total of 73,563 shares of company stock worth $3,612,348 in the last ninety days. Insiders own 35.62% of the company's stock.