Campbell Soup (NASDAQ:CPB) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Campbell Soup (NASDAQ:CPB) from a neutral rating to an overweight rating in a research note published on Thursday morning, MarketBeat reports. They currently have $56.00 target price on the stock, up from their previous target price of $47.00.

Several other research analysts have also commented on the stock. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, September 20th. DA Davidson lowered shares of Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price objective for the company. in a report on Friday, September 27th. TD Cowen upped their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Barclays raised their target price on Campbell Soup from $45.00 to $49.00 and gave the company an “underweight” rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target on shares of Campbell Soup in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.58.

Campbell Soup Stock Down 2.9 %

NASDAQ CPB opened at $43.15 on Thursday. Campbell Soup has a 1 year low of $39.65 and a 1 year high of $52.81. The stock has a market capitalization of $12.84 billion, a PE ratio of 22.83, a PEG ratio of 2.64 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. The business’s 50-day moving average is $47.95 and its 200 day moving average is $47.05.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. Sell-side analysts forecast that Campbell Soup will post 3.2 earnings per share for the current year.

Campbell Soup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, October 3rd. Campbell Soup’s dividend payout ratio is presently 78.31%.

Institutional Trading of Campbell Soup

Several institutional investors have recently bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Campbell Soup in the third quarter worth approximately $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Campbell Soup during the 2nd quarter valued at $32,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup during the 3rd quarter valued at $39,000. TruNorth Capital Management LLC bought a new stake in shares of Campbell Soup in the 2nd quarter worth $44,000. Finally, Rothschild Investment LLC purchased a new position in shares of Campbell Soup in the second quarter worth $44,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

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.