Campbell Soup (CPB) to Issue Quarterly Dividend of $0.39 on January 27th

Campbell Soup (NASDAQ:CPB) declared a quarterly dividend on Tuesday, December 3rd,RTT News reports. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.39 per share on Monday, January 27th. This represents a $1.56 annualized dividend and a yield of 3.77%. The ex-dividend date is Thursday, January 2nd. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37.

Campbell Soup has raised its dividend payment by an average of 1.9% per year over the last three years.

Campbell Soup Stock Performance

Shares of NASDAQ:CPB opened at $41.42 on Tuesday. The business has a fifty day moving average of $44.41 and a 200-day moving average of $46.77. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91. Campbell Soup has a twelve month low of $40.26 and a twelve month high of $52.81. The firm has a market cap of $12.35 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.96 and a beta of 0.18.

Analysts Set New Price Targets

CPB has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on Campbell Soup from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 5th. Wells Fargo & Company reduced their target price on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $55.00 to $58.00 in a research note on Monday, October 7th. Argus upgraded shares of Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, September 20th. Finally, StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.92.

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.