Campbell Soup (NYSE:CPB) – Equities researchers at Piper Jaffray Companies raised their Q4 2020 earnings estimates for shares of Campbell Soup in a research note issued to investors on Monday, December 16th, Zacks Investment Research reports. Piper Jaffray Companies analyst M. Lavery now anticipates that the company will post earnings per share of $0.56 for the quarter, up from their prior estimate of $0.55.
Several other equities analysts have also commented on the stock. Wells Fargo & Co increased their price objective on shares of Campbell Soup from $45.00 to $48.00 and gave the company a “market perform” rating in a research report on Thursday, December 5th. UBS Group set a $41.00 target price on shares of Campbell Soup in a research note on Thursday, December 5th. They noted that the move was a valuation call. Deutsche Bank started coverage on shares of Campbell Soup in a research note on Wednesday, December 11th. They issued a “hold” rating and a $50.00 target price on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $55.00 target price on shares of Campbell Soup in a research note on Thursday, December 5th. Finally, Credit Suisse Group increased their target price on shares of Campbell Soup from $41.00 to $43.00 and gave the company an “underperform” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Campbell Soup has a consensus rating of “Hold” and an average price target of $45.58.
CPB stock traded down $0.06 during trading on Thursday, hitting $48.43. 1,658,300 shares of the company’s stock traded hands, compared to its average volume of 1,675,331. Campbell Soup has a 52 week low of $32.17 and a 52 week high of $49.56. The company has a debt-to-equity ratio of 5.37, a quick ratio of 0.34 and a current ratio of 0.60. The business has a fifty day simple moving average of $48.02 and a 200 day simple moving average of $45.02. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 3.21 and a beta of 0.43.
Campbell Soup (NYSE:CPB) last issued its earnings results on Wednesday, December 4th. The company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.07. Campbell Soup had a net margin of 2.07% and a return on equity of 64.48%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. Campbell Soup’s revenue for the quarter was down .9% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently bought and sold shares of CPB. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Campbell Soup during the 2nd quarter valued at about $354,000. Janney Montgomery Scott LLC increased its position in Campbell Soup by 8.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 24,334 shares of the company’s stock valued at $975,000 after purchasing an additional 1,888 shares during the period. Dupont Capital Management Corp purchased a new position in Campbell Soup during the 2nd quarter valued at about $202,000. KBC Group NV increased its position in Campbell Soup by 95.3% during the 2nd quarter. KBC Group NV now owns 536,341 shares of the company’s stock valued at $21,491,000 after purchasing an additional 261,650 shares during the period. Finally, Aperio Group LLC increased its position in Campbell Soup by 7.4% during the 2nd quarter. Aperio Group LLC now owns 118,537 shares of the company’s stock valued at $4,750,000 after purchasing an additional 8,131 shares during the period. 50.78% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Tuesday, January 7th. Campbell Soup’s dividend payout ratio (DPR) is 60.87%.
About Campbell Soup
Campbell Soup Company, together with its subsidiaries, manufactures and markets branded food and beverage products. It operates through three segments: Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment engages in the retail and food service of Campbell’s condensed and ready-to-serve soups; Swanson broth and stocks; Prego pasta sauces; Pace Mexican sauces; Campbell’s gravies, pastas, beans, and dinner sauces; Swanson canned poultry products; Plum food and snack products; V8 juices and beverages; Campbell’s tomato juices; and Pacific broth, soups, non-dairy beverages, and other simple meals.