Piper Sandler Reaffirms Neutral Rating for Campbell Soup (NYSE:CPB)

Piper Sandler reiterated their neutral rating on shares of Campbell Soup (NYSE:CPB) in a research report sent to investors on Tuesday, Benzinga reports. Piper Sandler currently has a $47.00 price target on the stock.

Several other equities research analysts also recently commented on CPB. Citigroup initiated coverage on shares of Campbell Soup in a research note on Thursday, February 1st. They set a sell rating and a $41.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Campbell Soup from $47.00 to $48.00 and gave the stock a neutral rating in a research note on Friday, March 1st. DA Davidson assumed coverage on shares of Campbell Soup in a research report on Friday, March 1st. They set a buy rating and a $48.00 target price for the company. TheStreet upgraded shares of Campbell Soup from a c+ rating to a b- rating in a research report on Wednesday, January 3rd. Finally, Evercore ISI assumed coverage on shares of Campbell Soup in a research report on Wednesday, March 13th. They set an in-line rating and a $49.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $46.38.

Campbell Soup Price Performance

Shares of CPB opened at $44.45 on Tuesday. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 3.26 and a beta of 0.24. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $56.04. The company has a quick ratio of 0.43, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. The company has a 50 day moving average of $43.08 and a two-hundred day moving average of $42.21.

Campbell Soup (NYSE:CPB) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Campbell Soup had a net margin of 8.26% and a return on equity of 23.18%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, analysts predict that Campbell Soup will post 3.06 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.33%. Campbell Soup’s payout ratio is 57.81%.

Institutional Trading of Campbell Soup

A number of institutional investors and hedge funds have recently modified their holdings of CPB. Parkside Financial Bank & Trust increased its stake in shares of Campbell Soup by 149.8% during the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after purchasing an additional 358 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Campbell Soup by 165.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $28,000 after purchasing an additional 406 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Campbell Soup during the fourth quarter worth about $31,000. ING Groep NV purchased a new stake in shares of Campbell Soup during the third quarter worth about $33,000. Finally, Allworth Financial LP increased its stake in shares of Campbell Soup by 110.0% during the third quarter. Allworth Financial LP now owns 819 shares of the company’s stock worth $34,000 after purchasing an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell Soup Company Profile

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.