Campbell Soup (NASDAQ:CPB) Receives $50.92 Consensus Price Target from Analysts

Campbell Soup (NASDAQ:CPB - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $50.92.

Several equities analysts have issued reports on CPB shares. Stephens reissued an "overweight" rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Sanford C. Bernstein upgraded shares of 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 research report on Monday, October 7th. Piper Sandler upgraded shares of Campbell Soup from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Citigroup dropped their price objective on shares of Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a report on Thursday, December 5th. Finally, DA Davidson restated a "neutral" rating and issued a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th.

Campbell Soup Trading Down 0.2 %

Shares of NASDAQ:CPB traded down $0.08 during midday trading on Friday, reaching $41.50. The company's stock had a trading volume of 8,829,373 shares, compared to its average volume of 2,594,990. Campbell Soup has a fifty-two week low of $40.26 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. The firm has a 50 day moving average price of $45.20 and a two-hundred day moving average price of $46.79. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.96 and a beta of 0.18.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a $0.39 dividend. This is a positive change from Campbell Soup's previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup's dividend payout ratio is presently 85.25%.

Hedge Funds Weigh In On Campbell Soup

A number of hedge funds have recently bought and sold shares of CPB. State Street Corp boosted its stake in shares of Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company's stock worth $491,581,000 after buying an additional 298,203 shares during the last quarter. Van ECK Associates Corp grew its stake in Campbell Soup by 1.9% in the 2nd quarter. Van ECK Associates Corp now owns 8,709,949 shares of the company's stock valued at $393,603,000 after purchasing an additional 161,392 shares during the period. Geode Capital Management LLC increased its position in shares of Campbell Soup by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company's stock valued at $256,827,000 after purchasing an additional 322,951 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Campbell Soup by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company's stock worth $129,971,000 after purchasing an additional 363,736 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company's stock worth $110,187,000 after buying an additional 2,390,700 shares during the last quarter. 52.35% of the stock is owned by hedge funds and other institutional investors.

About Campbell Soup

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.