Campbell Soup (NASDAQ:CPB) Declares $0.37 Quarterly Dividend

Campbell Soup (NASDAQ:CPBGet Free Report) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors of record on Thursday, October 3rd will be paid a dividend of 0.37 per share on Monday, October 28th. This represents a $1.48 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, October 3rd.

Campbell Soup has raised its dividend payment by an average of 1.9% annually over the last three years. Campbell Soup has a payout ratio of 46.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Campbell Soup to earn $3.39 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 43.7%.

Campbell Soup Stock Down 0.9 %

Campbell Soup stock opened at $48.92 on Tuesday. The stock has a 50 day moving average of $49.48 and a two-hundred day moving average of $46.34. Campbell Soup has a twelve month low of $37.94 and a twelve month high of $52.81. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 3.02 and a beta of 0.18. The company has a current ratio of 0.61, a quick ratio of 0.22 and a debt-to-equity ratio of 1.52.

Campbell Soup (NASDAQ:CPBGet Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Campbell Soup had a return on equity of 24.08% and a net margin of 5.88%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. As a group, research analysts expect that Campbell Soup will post 3.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Campbell Soup from a “sell” rating to a “hold” rating in a research note on Thursday, September 26th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. increased their target price on Campbell Soup from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. DA Davidson downgraded Campbell Soup from a “buy” rating to a “neutral” rating and set a $51.00 price target on the stock. in a research note on Friday. Finally, TD Cowen increased their price objective on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.85.

Check Out Our Latest Stock Analysis on Campbell Soup

About Campbell Soup

(Get Free Report)

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.

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Dividend History for Campbell Soup (NASDAQ:CPB)

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