The Campbell Soup Company (NASDAQ:CPB) Plans Quarterly Dividend of $0.39

The Campbell Soup Company (NASDAQ:CPB) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Thursday, April 3rd will be given a dividend of 0.39 per share on Monday, April 28th. This represents a $1.56 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, April 3rd.

Campbell Soup has raised its dividend by an average of 0.5% annually over the last three years. Campbell Soup has a payout ratio of 50.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Campbell Soup to earn $3.31 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 47.1%.

Campbell Soup Stock Up 0.5 %

Campbell Soup stock opened at $39.92 on Tuesday. Campbell Soup has a fifty-two week low of $36.92 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 2.71 and a beta of 0.15. The firm has a fifty day moving average price of $39.10 and a two-hundred day moving average price of $42.92.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. Campbell Soup’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts forecast that Campbell Soup will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CPB shares. Barclays decreased their price target on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, December 6th. BNP Paribas raised Campbell Soup to a “strong sell” rating in a research report on Wednesday, February 26th. Morgan Stanley assumed coverage on Campbell Soup in a report on Monday, March 24th. They issued an “equal weight” rating and a $40.00 price target for the company. Jefferies Financial Group decreased their price objective on Campbell Soup from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, March 5th. Finally, Consumer Edge restated an “equal weight” rating on shares of Campbell Soup in a research note on Monday, March 17th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $44.86.

Insider Transactions at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction 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. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.19% 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.