Campbell Soup (NASDAQ:CPB) Given Average Rating of "Hold" by Brokerages

Campbell Soup (NASDAQ:CPB - Get Free Report) has earned an average recommendation of "Hold" from the twelve ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $51.58.

Several equities analysts have issued reports on CPB shares. Piper Sandler raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an "overweight" rating in a research note on Wednesday, September 11th. 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 note on Friday, September 20th. TD Cowen boosted their price objective on shares of Campbell Soup from $47.00 to $51.00 and gave the company a "hold" rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $45.00 price objective on shares of Campbell Soup in a research note on Tuesday, August 27th.

Campbell Soup Stock Up 1.4 %

Shares of NASDAQ:CPB traded up $0.64 during trading on Tuesday, hitting $45.93. 3,116,232 shares of the company were exchanged, compared to its average volume of 2,526,800. The stock has a market capitalization of $13.67 billion, a P/E ratio of 24.30, a PEG ratio of 2.60 and a beta of 0.19. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.61 and a quick ratio of 0.22. Campbell Soup has a 12-month low of $39.65 and a 12-month high of $52.81. The firm's 50 day moving average price is $47.19 and its 200-day moving average price is $47.03.

Campbell Soup (NASDAQ:CPB - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. Campbell Soup had a net margin of 5.88% and a return on equity of 24.08%. The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. On average, research analysts predict that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Thursday, October 3rd were given a $0.37 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. Campbell Soup's dividend payout ratio is presently 78.31%.

Institutional Investors Weigh In On Campbell Soup

Several institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in Campbell Soup by 11.3% in the 1st quarter. Janus Henderson Group PLC now owns 90,699 shares of the company's stock valued at $4,031,000 after purchasing an additional 9,237 shares in the last quarter. Tidal Investments LLC lifted its holdings in Campbell Soup by 12.8% in the 1st quarter. Tidal Investments LLC now owns 18,505 shares of the company's stock valued at $822,000 after purchasing an additional 2,096 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Campbell Soup during the 1st quarter worth about $83,000. Swedbank AB purchased a new position in shares of Campbell Soup during the 1st quarter worth about $11,405,000. Finally, Cetera Advisors LLC lifted its holdings in shares of Campbell Soup by 7.3% during the 1st quarter. Cetera Advisors LLC now owns 13,120 shares of the company's stock worth $583,000 after acquiring an additional 887 shares during the period. 52.35% of the stock is currently 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.