Campbell Soup (CPB) – Investment Analysts’ Weekly Ratings Changes

Campbell Soup (NASDAQ: CPB) recently received a number of ratings updates from brokerages and research firms:

• 10/7/2024 – Campbell Soup was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $58.00 price target on the stock, up previously from $55.00.
• 9/27/2024 – Campbell Soup was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $51.00 price target on the stock.
• 9/26/2024 – Campbell Soup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/20/2024 – Campbell Soup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/20/2024 – Campbell Soup was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock.
• 9/13/2024 – Campbell Soup had its price target raised by analysts at Royal Bank of Canada from $47.00 to $51.00. They now have a “sector perform” rating on the stock.
• 9/12/2024 – Campbell Soup had its price target raised by analysts at Barclays PLC from $45.00 to $49.00. They now have an “underweight” rating on the stock.
• 9/12/2024 – Campbell Soup had its price target raised by analysts at TD Cowen from $47.00 to $51.00. They now have a “hold” rating on the stock.
• 9/11/2024 – Campbell Soup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/11/2024 – Campbell Soup had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $57.00. They now have an “overweight” rating on the stock.
• 9/11/2024 – Campbell Soup had its price target raised by analysts at Wells Fargo & Company from $49.00 to $51.00. They now have an “equal weight” rating on the stock.
• 9/5/2024 – Campbell Soup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/30/2024 – Campbell Soup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/30/2024 – Campbell Soup had its price target raised by analysts at Wells Fargo & Company from $47.00 to $49.00. They now have an “equal weight” rating on the stock.
• 8/27/2024 – Campbell Soup had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $47.00 price target on the stock.
• 8/27/2024 – Campbell Soup had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $45.00 price target on the stock.
• 8/21/2024 – Campbell Soup was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/21/2024 – Campbell Soup had its price target raised by analysts at TD Cowen from $46.00 to $47.00. They now have a “hold” rating on the stock.
• 8/13/2024 – Campbell Soup was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Campbell Soup Stock Up 0.7 %

CPB stock opened at $47.84 on Friday. The company has a market cap of $14.26 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 2.83 and a beta of 0.18. Campbell Soup has a fifty-two week low of $37.94 and a fifty-two week high of $52.81. The stock’s 50 day simple moving average is $49.67 and its 200 day simple moving average is $46.59. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.22 and a current ratio of 0.61.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. On average, research analysts expect that Campbell Soup will post 3.2 earnings per share for the current fiscal year.

Campbell Soup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, October 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, October 3rd. Campbell Soup’s dividend payout ratio (DPR) is presently 78.31%.

Institutional Trading of Campbell Soup

Several institutional investors and hedge funds have recently modified their holdings of the stock. M&G Plc purchased a new stake in shares of Campbell Soup during the second quarter valued at approximately $469,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Campbell Soup during the fourth quarter valued at approximately $1,045,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Campbell Soup during the first quarter valued at approximately $672,000. International Assets Investment Management LLC purchased a new stake in shares of Campbell Soup during the first quarter valued at approximately $935,000. Finally, Leo Wealth LLC purchased a new stake in shares of Campbell Soup during the fourth quarter valued at approximately $1,430,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

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.