Campbell Soup Co. (NYSE:CPB) declared a quarterly dividend on Thursday, November 17th. Investors of record on Wednesday, January 11th will be paid a dividend of 0.35 per share on Monday, January 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Monday, January 9th.

Campbell Soup (NYSE:CPB) opened at 54.22 on Friday. The company’s 50-day moving average price is $53.94 and its 200-day moving average price is $59.64. Campbell Soup has a one year low of $48.74 and a one year high of $67.89. The stock has a market cap of $16.69 billion, a P/E ratio of 29.96 and a beta of 0.40.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. Campbell Soup had a return on equity of 59.50% and a net margin of 7.07%. The business earned $1.69 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. Analysts forecast that Campbell Soup will post $3.04 EPS for the current fiscal year.

Dividend History for Campbell Soup (NYSE:CPB)

In related news, VP William J. O’shea sold 13,000 shares of Campbell Soup stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $57.74, for a total transaction of $750,620.00. Following the transaction, the vice president now directly owns 28,952 shares of the company’s stock, valued at $1,671,688.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Carlos Barroso sold 1,600 shares of Campbell Soup stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $57.68, for a total transaction of $92,288.00. Following the transaction, the insider now directly owns 46,888 shares in the company, valued at $2,704,499.84. The disclosure for this sale can be found here. Corporate insiders own 37.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of CPB. Frontier Wealth Management LLC raised its position in Campbell Soup by 0.8% in the second quarter. Frontier Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $298,000 after buying an additional 36 shares in the last quarter. Profund Advisors LLC raised its position in Campbell Soup by 1.1% in the third quarter. Profund Advisors LLC now owns 5,165 shares of the company’s stock valued at $283,000 after buying an additional 56 shares in the last quarter. Mackenzie Financial Corp raised its position in Campbell Soup by 1.3% in the third quarter. Mackenzie Financial Corp now owns 11,581 shares of the company’s stock valued at $633,000 after buying an additional 153 shares in the last quarter. Bank of Nova Scotia raised its position in Campbell Soup by 6.8% in the second quarter. Bank of Nova Scotia now owns 3,592 shares of the company’s stock valued at $239,000 after buying an additional 230 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in Campbell Soup by 7.0% in the second quarter. Ameritas Investment Partners Inc. now owns 3,745 shares of the company’s stock valued at $249,000 after buying an additional 244 shares in the last quarter. 42.79% of the stock is currently owned by institutional investors.

A number of research analysts recently commented on CPB shares. Zacks Investment Research raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $60.00 price target on shares of Campbell Soup in a report on Thursday, July 28th. Deutsche Bank AG lowered their price target on shares of Campbell Soup from $63.00 to $61.00 and set a “hold” rating for the company in a report on Friday, August 26th. Credit Agricole SA lowered their price target on shares of Campbell Soup from $64.00 to $59.00 and set a “market perform” rating for the company in a report on Monday, September 12th. Finally, Bank of America Corp. reaffirmed a “neutral” rating on shares of Campbell Soup in a report on Friday, September 2nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $59.83.

About Campbell Soup

Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.

5 Day Chart for NYSE:CPB

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