The Campbell Soup Company (NASDAQ:CPB) Declares 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 paid a dividend of 0.39 per share on Monday, April 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.90%.

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 47.0% 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 Price Performance

NASDAQ CPB opened at $40.04 on Thursday. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.71 and a beta of 0.19. The company has a 50-day moving average price of $39.57 and a two-hundred day moving average price of $44.70.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Analysts forecast that Campbell Soup will post 3.15 EPS for the current year.

Insider Activity at Campbell Soup

In related 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 value of $83,800.00. Following the completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Stephens reiterated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $51.00 price objective on shares of Campbell Soup in a report on Monday, December 2nd. Wells Fargo & Company decreased their price objective on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.17.

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.