Campbell Soup (NASDAQ:CPB) Price Target Lowered to $43.00 at Wells Fargo & Company

Campbell Soup (NASDAQ:CPB) had its price objective reduced by Wells Fargo & Company from $45.00 to $43.00 in a report published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other equities analysts also recently issued research reports about the stock. DA Davidson reaffirmed a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. TD Cowen increased their price target on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Barclays dropped their price objective on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Finally, Argus raised Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday, September 20th. Two research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.75.

Campbell Soup Trading Down 1.4 %

NASDAQ:CPB opened at $39.95 on Tuesday. Campbell Soup has a one year low of $39.81 and a one year 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 capitalization of $11.91 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19. The business has a fifty day moving average price of $43.71 and a 200-day moving average price of $46.62.

Campbell Soup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be paid a $0.39 dividend. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, January 2nd. Campbell Soup’s dividend payout ratio (DPR) is presently 85.25%.

Insider Activity

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.19% of the company’s stock.

Hedge Funds Weigh In On Campbell Soup

Large investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Campbell Soup in the third quarter worth about $34,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Campbell Soup during the 2nd quarter valued at $32,000. Ashton Thomas Securities LLC bought a new position in Campbell Soup in the 3rd quarter valued at $39,000. Sentry Investment Management LLC purchased a new stake in Campbell Soup in the second quarter worth $44,000. Finally, Friedenthal Financial purchased a new stake in Campbell Soup in the third quarter worth $48,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

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.