Campbell Soup (NASDAQ:CPB) Given Average Recommendation of “Hold” by Brokerages

Campbell Soup (NASDAQ:CPB) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $50.75.

Several analysts have issued reports on CPB shares. Sanford C. Bernstein raised Campbell Soup from a “market perform” rating to an “outperform” rating and increased their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $47.00 to $56.00 in a research note on Thursday, November 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $51.00 price target on shares of Campbell Soup in a research report on Monday, December 2nd. Wells Fargo & Company cut their price objective on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, DA Davidson reissued a “neutral” rating and set a $51.00 target price on shares of Campbell Soup in a research report on Wednesday, December 4th.

Campbell Soup Trading Down 0.7 %

NASDAQ:CPB opened at $38.98 on Wednesday. The firm has a 50-day simple moving average of $42.53 and a 200-day simple moving average of $46.27. Campbell Soup has a one year low of $37.61 and a one year high of $52.81. The firm has a market cap of $11.62 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.60 and a beta of 0.19. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.39 per share. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

Insider Buying and Selling at Campbell Soup

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

Hedge Funds Weigh In On Campbell Soup

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

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.