Campbell Soup (NYSE:CPB) declared a quarterly dividend on Wednesday, March 25th, RTT News reports. Stockholders of record on Thursday, April 9th will be given a dividend of 0.35 per share on Monday, April 27th. This represents a $1.40 annualized dividend and a dividend yield of 3.21%.
Campbell Soup has a dividend payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Campbell Soup to earn $2.72 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 51.5%.
Shares of Campbell Soup stock traded up $2.18 during trading on Thursday, hitting $43.59. The stock had a trading volume of 5,056,416 shares, compared to its average volume of 4,758,527. The stock has a 50 day simple moving average of $48.26 and a 200 day simple moving average of $47.66. The company has a market capitalization of $13.13 billion, a PE ratio of 9.14, a P/E/G ratio of 2.65 and a beta of 0.51. The company has a quick ratio of 0.31, a current ratio of 0.61 and a debt-to-equity ratio of 1.97. Campbell Soup has a 1 year low of $35.27 and a 1 year high of $57.54.
Campbell Soup (NYSE:CPB) last released its earnings results on Wednesday, March 4th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.06. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Campbell Soup had a net margin of 17.46% and a return on equity of 50.69%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. As a group, equities analysts expect that Campbell Soup will post 2.7 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the stock. Deutsche Bank lifted their target price on shares of Campbell Soup from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Thursday, March 5th. Credit Suisse Group lifted their target price on shares of Campbell Soup from $50.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Goldman Sachs Group downgraded shares of Campbell Soup from a “neutral” rating to a “sell” rating and set a $47.00 target price on the stock. in a research report on Thursday, March 12th. TheStreet raised shares of Campbell Soup from a “c+” rating to a “b” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Co lifted their target price on shares of Campbell Soup from $48.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $48.67.
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.
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