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

The Campbell Soup Company (NASDAQ:CPB) has been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $50.17.

CPB has been the subject of several recent analyst reports. DA Davidson restated a “neutral” rating and set a $51.00 target price on shares of Campbell Soup in a research note on Wednesday, December 4th. Stephens reissued an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Royal Bank of Canada reiterated a “sector perform” rating and set a $51.00 price objective on shares of Campbell Soup in a research report on Monday, December 2nd. Piper Sandler raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Finally, Stifel Nicolaus cut their price target on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th.

Insider Buying and Selling at Campbell Soup

In other 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 sale, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.19% of the company’s stock.

Institutional Investors Weigh In On Campbell Soup

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Campbell Soup by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 23,625,605 shares of the company’s stock valued at $989,440,000 after buying an additional 447,203 shares during the last quarter. State Street Corp boosted its position in shares of Campbell Soup by 3.1% in the third quarter. State Street Corp now owns 10,048,679 shares of the company’s stock valued at $491,581,000 after acquiring an additional 298,203 shares during the period. Van ECK Associates Corp increased its stake in Campbell Soup by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock worth $387,273,000 after acquiring an additional 531,281 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its holdings in shares of Campbell Soup by 0.5% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 6,925,365 shares of the company’s stock worth $290,034,000 after acquiring an additional 35,160 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Campbell Soup by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 5,323,332 shares of the company’s stock valued at $222,420,000 after acquiring an additional 57,717 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Stock Performance

CPB opened at $38.60 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $40.06 and its 200 day simple moving average is $45.19. Campbell Soup has a 1-year low of $36.92 and a 1-year high of $52.81. The stock has a market cap of $11.51 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.59 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. As a group, equities analysts anticipate that Campbell Soup will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, January 2nd. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is 85.25%.

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.