Brokerages Set Campbell Soup (NYSE:CPB) Target Price at $46.56

Campbell Soup (NYSE:CPB - Get Free Report) has received an average recommendation of "Hold" from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $46.56.

A number of analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Campbell Soup from $47.00 to $49.00 and gave the stock a "buy" rating in a research note on Monday, June 10th. Citigroup lifted their price target on shares of Campbell Soup from $41.00 to $42.00 and gave the stock a "sell" rating in a research note on Thursday, May 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $47.00 price target on shares of Campbell Soup in a research note on Friday, June 7th. Piper Sandler reissued a "neutral" rating and issued a $47.00 price objective on shares of Campbell Soup in a report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $45.00 to $52.00 in a report on Wednesday.

Institutional Investors Weigh In On Campbell Soup

Several large investors have recently bought and sold shares of the business. Cetera Advisors LLC increased its position in Campbell Soup by 7.3% in the first quarter. Cetera Advisors LLC now owns 13,120 shares of the company's stock worth $583,000 after purchasing an additional 887 shares during the last quarter. Swedbank AB bought a new stake in Campbell Soup in the first quarter worth $11,405,000. LRI Investments LLC bought a new stake in Campbell Soup in the first quarter worth $83,000. Tidal Investments LLC increased its position in Campbell Soup by 12.8% in the first quarter. Tidal Investments LLC now owns 18,505 shares of the company's stock worth $822,000 after purchasing an additional 2,096 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Campbell Soup by 11.3% in the first quarter. Janus Henderson Group PLC now owns 90,699 shares of the company's stock worth $4,031,000 after purchasing an additional 9,237 shares during the last quarter. Institutional investors own 52.35% of the company's stock.

Campbell Soup Stock Up 0.4 %

NYSE:CPB traded up $0.17 on Friday, reaching $45.19. 2,823,175 shares of the stock traded hands, compared to its average volume of 3,409,535. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.86 and a beta of 0.19. The company has a current ratio of 0.62, a quick ratio of 0.24 and a debt-to-equity ratio of 1.47. Campbell Soup has a 12 month low of $37.94 and a 12 month high of $46.97. The company's fifty day simple moving average is $44.90 and its 200 day simple moving average is $43.88.

Campbell Soup (NYSE:CPB - Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts predict that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Wednesday, July 3rd. Campbell Soup's dividend payout ratio (DPR) is presently 59.92%.

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.