Campbell Soup Company (CPB) Declares Quarterly Dividend of $0.31
Campbell Soup Company (NYSE:CPB) declared a quarterly dividend on Wednesday, June 25th, AnalystRatings.NET reports. Shareholders of record on Tuesday, July 8th will be given a dividend of 0.312 per share on Monday, August 4th. This represents a $1.25 dividend on an annualized basis and a yield of 2.75%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Campbell Soup Company in a research note on Friday, May 30th. They now have a $47.00 price target on the stock. On a related note, analysts at Morgan Stanley downgraded shares of Campbell Soup Company to an “underweight” rating in a research note on Tuesday, May 20th. They now have a $38.00 price target on the stock, up previously from $2.60. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Campbell Soup Company in a research note on Tuesday, May 20th. They now have a $45.00 price target on the stock, up previously from $43.00. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $41.55.
Campbell Soup Company (NYSE:CPB) traded down 0.74% on Wednesday, hitting $45.32. 935,470 shares of the company’s stock traded hands. Campbell Soup Company has a 52-week low of $38.30 and a 52-week high of $48.08. The stock has a 50-day moving average of $45.35 and a 200-day moving average of $43.74. The company has a market cap of $14.227 billion and a price-to-earnings ratio of 27.57.
Campbell Soup Company (NYSE:CPB) last posted its quarterly earnings results on Monday, May 19th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts predict that Campbell Soup Company will post $2.54 earnings per share for the current fiscal year.
In other Campbell Soup Company news, Director Charlotte C. Weber sold 63,536 shares of Campbell Soup Company stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $46.02, for a total transaction of $2,923,926.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Campbell Soup Company (NYSE:CPB) together with its subsidiaries, is a manufacturer and marketer of branded convenience food products.
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