Campbell Soup (NYSE:CPB) Given Consensus Recommendation of “Hold” by Brokerages (2024)

Posted by Defense World Staff on Jun 29th, 2024

Campbell Soup (NYSE:CPB) Given Consensus Recommendation of “Hold” by Brokerages (1)Campbell Soup (NYSE:CPBGet Free Report) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $46.56.

Several analysts recently commented on CPB shares. Evercore ISI started coverage on shares of Campbell Soup in a research note on Wednesday, March 13th. They set an “in-line” rating and a $49.00 target price for the company. Citigroup increased their target price on shares of Campbell Soup from $41.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. raised shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their target price for the company from $45.00 to $52.00 in a research note on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and set a $47.00 target price on shares of Campbell Soup in a research note on Friday, June 7th. Finally, Piper Sandler restated a “neutral” rating and issued a $47.00 price target on shares of Campbell Soup in a research report on Tuesday, March 26th.

Get Our Latest Research Report on Campbell Soup

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CPB. Envestnet Asset Management Inc. grew its stake in Campbell Soup by 0.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 108,058 shares of the company’s stock valued at $4,439,000 after buying an additional 443 shares during the last quarter. Stifel Financial Corp boosted its holdings in Campbell Soup by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 63,321 shares of the company’s stock valued at $2,601,000 after purchasing an additional 261 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Campbell Soup by 31.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,876 shares of the company’s stock valued at $406,000 after purchasing an additional 2,343 shares during the period. Bank of Nova Scotia boosted its holdings in Campbell Soup by 512.5% in the 3rd quarter. Bank of Nova Scotia now owns 170,613 shares of the company’s stock valued at $7,009,000 after purchasing an additional 142,758 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in Campbell Soup by 0.5% in the 3rd quarter. Toronto Dominion Bank now owns 131,556 shares of the company’s stock valued at $5,404,000 after purchasing an additional 650 shares during the period. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Campbell Soup Trading Up 0.4 %

Campbell Soup stock opened at $45.19 on Friday. The firm has a 50 day simple moving average of $44.90 and a 200-day simple moving average of $43.88. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.62 and a quick ratio of 0.24. The stock has a market capitalization of $13.49 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.90 and a beta of 0.19. Campbell Soup has a 12-month low of $37.94 and a 12-month high of $46.97.

Campbell Soup (NYSE:CPBGet Free Report) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Campbell Soup had a net margin of 7.85% and a return on equity of 23.26%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities research analysts expect that Campbell Soup will post 3.08 EPS for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 3rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.28%. Campbell Soup’s payout ratio is presently 59.92%.

Campbell Soup Company Profile

(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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Campbell Soup (NYSE:CPB) Given Consensus Recommendation of “Hold” by Brokerages (2)

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Campbell Soup (NYSE:CPB) Given Consensus Recommendation of “Hold” by Brokerages (2024)
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