The Campbell Soup Company (NASDAQ:CPB) Receives Consensus Rating of “Hold” from Analysts

Shares of The Campbell Soup Company (NASDAQ:CPB) have earned a consensus rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $45.23.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada cut their target price on shares of Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating on the stock in a report on Thursday, March 6th. DA Davidson reduced their target price on shares of Campbell Soup from $46.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup lowered their price target on Campbell Soup from $39.00 to $37.00 and set a “sell” rating on the stock in a report on Thursday, March 6th. Barclays reduced their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Finally, Bank of America decreased their price objective on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a research report on Thursday, March 6th.

Campbell Soup Stock Performance

NASDAQ CPB opened at $38.58 on Thursday. The company has a fifty day moving average of $39.36 and a two-hundred day moving average of $44.08. The company has a market capitalization of $11.50 billion, a PE ratio of 21.08, a P/E/G ratio of 2.71 and a beta of 0.15. Campbell Soup has a 1 year low of $36.92 and a 1 year high of $52.81. 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 (NASDAQ:CPB) last announced its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Campbell Soup’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts expect that Campbell Soup will post 3.15 earnings per share for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.04%. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Insider Activity at Campbell Soup

In related news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC increased its holdings in Campbell Soup by 2.8% during the 4th quarter. Ballentine Partners LLC now owns 9,646 shares of the company’s stock valued at $404,000 after acquiring an additional 262 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Campbell Soup by 45.5% during the 4th quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after purchasing an additional 290 shares in the last quarter. SPC Financial Inc. raised its position in shares of Campbell Soup by 2.3% during the 4th quarter. SPC Financial Inc. now owns 13,575 shares of the company’s stock worth $569,000 after purchasing an additional 300 shares during the last quarter. Ascent Wealth Partners LLC lifted its stake in Campbell Soup by 1.5% in the 4th quarter. Ascent Wealth Partners LLC now owns 20,176 shares of the company’s stock valued at $845,000 after buying an additional 306 shares in the last quarter. Finally, DoubleLine ETF Adviser LP grew its holdings in Campbell Soup by 2.8% during the 4th quarter. DoubleLine ETF Adviser LP now owns 11,640 shares of the company’s stock valued at $487,000 after buying an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

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.