Brokerages Set The Campbell Soup Company (NASDAQ:CPB) Price Target at $49.38

The Campbell Soup Company (NASDAQ:CPB - Get Free Report) has been assigned a consensus rating of "Hold" from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $46.36.

Several analysts have weighed in on CPB shares. Barclays lowered their target price on shares of Campbell Soup from $49.00 to $46.00 and set an "underweight" rating for the company in a research note on Friday, December 6th. Citigroup lowered their target price on shares of Campbell Soup from $39.00 to $37.00 and set a "sell" rating for the company in a research note on Thursday. Bank of America lowered their target price on shares of Campbell Soup from $45.00 to $41.00 and set an "underperform" rating for the company in a research note on Thursday. Piper Sandler raised shares of Campbell Soup from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Finally, Wells Fargo & Company reduced their price target on shares of Campbell Soup from $43.00 to $40.00 and set an "equal weight" rating for the company in a report on Thursday.

Campbell Soup Stock Up 5.1 %

Shares of NASDAQ:CPB traded up $2.02 during midday trading on Thursday, reaching $41.81. The company had a trading volume of 6,629,049 shares, compared to its average volume of 2,566,800. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. Campbell Soup has a one year low of $36.92 and a one year high of $52.81. The stock's fifty day moving average price is $39.39 and its 200-day moving average price is $44.31. The stock has a market capitalization of $12.47 billion, a P/E ratio of 22.85, a PEG ratio of 2.71 and a beta of 0.15.

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Campbell Soup (NASDAQ:CPB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. The business's revenue was up 9.3% on a year-over-year basis. Equities research analysts expect that Campbell Soup will post 3.15 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, April 3rd. Campbell Soup's payout ratio is currently 90.17%.

Insider Buying and Selling

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the company's 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 completion of 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 can be accessed through this hyperlink. Corporate insiders own 20.19% of the company's stock.

Institutional Investors Weigh In On Campbell Soup

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Siemens Fonds Invest GmbH acquired a new stake in Campbell Soup in the 4th quarter valued at about $135,000. QSM Asset Management Ltd acquired a new stake in Campbell Soup in the 4th quarter valued at about $6,556,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Campbell Soup in the 4th quarter valued at about $10,462,000. Forum Financial Management LP acquired a new stake in Campbell Soup during the 4th quarter worth about $264,000. Finally, Voloridge Investment Management LLC acquired a new stake in Campbell Soup during the 4th quarter worth about $18,172,000. 52.35% of the stock is owned by institutional investors and hedge funds.

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.