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

Campbell Soup (NASDAQ:CPB) 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:CPB) 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.

About Campbell Soup

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.