Brokerages Set Campbell Soup (NASDAQ:CPB) Target Price at $50.75

Campbell Soup (NASDAQ:CPB - Get Free Report) has been given an average rating of "Hold" by the thirteen analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $50.75.

Several research analysts have issued reports on CPB shares. Argus raised shares of Campbell Soup from a "hold" rating to a "buy" rating and set a $59.00 price objective on the stock in a research report on Friday, September 20th. Wells Fargo & Company lowered their price target on Campbell Soup from $45.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a research report on Thursday, September 26th. Sanford C. Bernstein raised Campbell Soup from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $55.00 to $58.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $51.00 price target on shares of Campbell Soup in a research note on Monday, December 2nd.

Campbell Soup Stock Performance

Shares of NASDAQ CPB traded down $0.12 during trading hours on Wednesday, reaching $38.69. The stock had a trading volume of 2,460,998 shares, compared to its average volume of 2,859,626. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.96 and a beta of 0.18. Campbell Soup has a fifty-two week low of $37.61 and a fifty-two week high of $52.81. The firm has a 50-day moving average of $42.78 and a 200-day moving average of $46.35. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.03%. This is a boost from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio is currently 80.87%.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares of the company's stock, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.19% of the stock is currently owned by company insiders.

Institutional Trading of Campbell Soup

Several large investors have recently modified their holdings of CPB. American Century Companies Inc. lifted its stake in Campbell Soup by 10.8% in the 2nd quarter. American Century Companies Inc. now owns 29,434 shares of the company's stock valued at $1,330,000 after buying an additional 2,858 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Campbell Soup by 11.2% in the second quarter. Parallel Advisors LLC now owns 8,299 shares of the company's stock valued at $375,000 after acquiring an additional 838 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Campbell Soup by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock valued at $129,971,000 after acquiring an additional 363,736 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Campbell Soup during the 2nd quarter worth about $3,063,000. Finally, Wulff Hansen & CO. raised its stake in Campbell Soup by 4,419.0% in the 2nd quarter. Wulff Hansen & CO. now owns 732,530 shares of the company's stock valued at $33,103,000 after purchasing an additional 716,320 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

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.