Campbell Soup (NASDAQ:CPB) Receives Average Recommendation of “Hold” from Analysts

Shares of Campbell Soup (NASDAQ:CPBGet Free Report) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $50.75.

Several research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Citigroup lowered their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a research report on Monday, December 2nd. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Finally, DA Davidson reiterated a “neutral” rating and issued a $51.00 price objective on shares of Campbell Soup in a research note on Wednesday, December 4th.

Read Our Latest Stock Report on CPB

Campbell Soup Stock Performance

Shares of Campbell Soup stock opened at $38.98 on Wednesday. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.60 and a beta of 0.19. Campbell Soup has a twelve month low of $37.61 and a twelve month high of $52.81. The company’s fifty day moving average is $42.53 and its 200 day moving average is $46.27. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 4.00%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is presently 85.25%.

Insider Activity at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup 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 completion of the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Campbell Soup

Large investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in Campbell Soup during the third quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Campbell Soup during the 2nd quarter valued at approximately $32,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup in the 3rd quarter worth approximately $39,000. Friedenthal Financial bought a new stake in Campbell Soup during the 3rd quarter worth approximately $48,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Campbell Soup by 463.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,747 shares of the company’s stock valued at $82,000 after purchasing an additional 1,437 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

About Campbell Soup

(Get Free Report

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.

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Analyst Recommendations for Campbell Soup (NASDAQ:CPB)

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