Campbell Soup (NASDAQ:CPB) Posts Quarterly Earnings Results

Campbell Soup (NASDAQ:CPB - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.01, Zacks reports. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Campbell Soup updated its FY 2025 guidance to 2.950-3.050 EPS and its FY25 guidance to $2.95-$3.05 EPS.

Campbell Soup Stock Performance

Shares of CPB stock traded up $2.02 during trading on Friday, hitting $41.81. The company's stock had a trading volume of 6,629,049 shares, compared to its average volume of 2,566,800. The company has a market cap of $12.47 billion, a PE ratio of 22.85, a P/E/G ratio of 2.71 and a beta of 0.15. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The business has a fifty day moving average of $39.39 and a 200-day moving average of $44.31. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81.

Campbell Soup Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's dividend payout ratio is presently 90.17%.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Campbell Soup from $47.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, January 24th. Piper Sandler raised Campbell Soup from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Wells Fargo & Company dropped their price target on Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. downgraded Campbell Soup from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $48.00 to $37.00 in a research note on Thursday. Finally, Bank of America dropped their price target on Campbell Soup from $45.00 to $41.00 and set an "underperform" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $46.36.

Insider Activity

In other news, EVP Anthony Sanzio sold 2,000 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares of the company's stock, valued at $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.19% of the stock is currently owned by corporate insiders.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in 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.