Analysts Set The Campbell Soup Company (NASDAQ:CPB) Price Target at $50.17

The Campbell Soup Company (NASDAQ:CPB - Get Free Report) has been assigned an average recommendation of "Hold" from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $50.17.

A number of research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Campbell Soup from $44.00 to $41.00 and set a "sell" rating on the stock in a research report on Thursday, December 5th. Royal Bank of Canada reissued a "sector perform" rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Monday, December 2nd. Stephens restated an "overweight" rating on shares of Campbell Soup in a research note on Wednesday, December 4th. Barclays dropped their price target on Campbell Soup from $49.00 to $46.00 and set an "underweight" rating on the stock in a research note on Friday, December 6th. Finally, DA Davidson reissued a "neutral" rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was 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 in the company, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 20.19% of the company's stock.

Hedge Funds Weigh In On Campbell Soup

Several large investors have recently modified their holdings of CPB. Czech National Bank lifted its holdings in Campbell Soup by 7.1% during the 3rd quarter. Czech National Bank now owns 40,140 shares of the company's stock worth $1,964,000 after purchasing an additional 2,648 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Campbell Soup by 246.8% in the third quarter. Mather Group LLC. now owns 5,820 shares of the company's stock worth $285,000 after buying an additional 4,142 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Campbell Soup by 62.0% in the third quarter. Exchange Traded Concepts LLC now owns 24,587 shares of the company's stock valued at $1,203,000 after acquiring an additional 9,409 shares during the period. Swedbank AB grew its stake in Campbell Soup by 49.3% during the third quarter. Swedbank AB now owns 350,764 shares of the company's stock valued at $17,159,000 after acquiring an additional 115,794 shares in the last quarter. Finally, MN Wealth Advisors LLC bought a new stake in Campbell Soup during the 3rd quarter worth approximately $940,000. Hedge funds and other institutional investors own 52.35% of the company's stock.

Campbell Soup Trading Up 0.3 %

Campbell Soup stock traded up $0.11 during trading hours on Friday, reaching $38.06. 2,249,042 shares of the company's stock were exchanged, compared to its average volume of 2,864,051. The firm has a market capitalization of $11.35 billion, a PE ratio of 20.80, a PEG ratio of 2.59 and a beta of 0.19. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The firm's 50 day simple moving average is $40.22 and its 200 day simple moving average is $45.31. Campbell Soup has a twelve month low of $36.92 and a twelve month high of $52.81.

Campbell Soup (NASDAQ:CPB - Get Free Report) last issued its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.02. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Research analysts predict that Campbell Soup will post 3.15 earnings per share for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Thursday, January 2nd. This is an increase from Campbell Soup's previous quarterly dividend of $0.37. Campbell Soup's dividend payout ratio (DPR) is 85.25%.

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.