Campbell Soup Company (NYSE:CPB) posted its quarterly earnings data on Friday. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.05. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.87 billion. Campbell Soup Company had a net margin of 8.30% and a return on equity of 58.62%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Campbell Soup Company updated its FY17 guidance to $3.04-3.09 EPS.
Campbell Soup Company (NYSE:CPB) opened at 56.94 on Friday. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of 35.48 and a beta of 0.46. The stock’s 50 day moving average is $57.12 and its 200 day moving average is $58.62. Campbell Soup Company has a 12-month low of $52.58 and a 12-month high of $67.89.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Wednesday, April 12th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, April 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.46%. Campbell Soup Company’s payout ratio is 66.04%.
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Several analysts have weighed in on CPB shares. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Campbell Soup Company in a research report on Monday, February 27th. Zacks Investment Research cut Campbell Soup Company from a “buy” rating to a “hold” rating in a research report on Wednesday, February 22nd. Royal Bank of Canada lifted their price objective on Campbell Soup Company from $60.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 price objective (down from $62.00) on shares of Campbell Soup Company in a research report on Tuesday, February 21st. Finally, Deutsche Bank AG started coverage on Campbell Soup Company in a research report on Wednesday, February 15th. They set a “hold” rating and a $65.00 price objective on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $60.17.
In other news, Director Bennett Dorrance bought 915,766 shares of the stock in a transaction on Thursday, March 30th. The stock was bought at an average cost of $57.34 per share, for a total transaction of $52,510,022.44. Following the completion of the purchase, the director now directly owns 24,978 shares in the company, valued at $1,432,238.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 37.30% of the stock is currently owned by company insiders.
About Campbell Soup Company
Campbell Soup Company is a food company, which manufactures and markets food products. The Company’s segments include Americas Simple Meals and Beverages; Global Biscuits and Snacks, and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service channel businesses.
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