Campbell Soup (NYSE:CPB) Issues FY 2022 Earnings Guidance

Campbell Soup (NYSE:CPBGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $2.75-$2.85 for the period, compared to the consensus EPS estimate of $2.78. The company issued revenue guidance of $8.48 billion-$8.56 billion, compared to the consensus revenue estimate of $8.41 billion.

A number of analysts recently weighed in on CPB shares. Deutsche Bank Aktiengesellschaft increased their price objective on Campbell Soup from $47.00 to $49.00 in a report on Thursday, June 9th. Citigroup increased their price target on Campbell Soup from $46.00 to $50.00 and gave the stock a neutral rating in a report on Thursday, June 9th. Stifel Nicolaus raised their price target on shares of Campbell Soup from $46.00 to $48.00 in a research report on Thursday, June 9th. Piper Sandler increased their price objective on shares of Campbell Soup from $45.00 to $47.00 and gave the company a neutral rating in a research note on Monday, June 13th. Finally, StockNews.com upgraded shares of Campbell Soup from a hold rating to a buy rating in a research note on Saturday, May 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Campbell Soup has a consensus rating of Hold and an average price target of $46.10.

Shares of NYSE:CPB traded up $0.44 during trading on Friday, hitting $48.49. The company’s stock had a trading volume of 2,998,362 shares, compared to its average volume of 2,692,158. Campbell Soup has a 12 month low of $39.76 and a 12 month high of $51.94. The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 10.64 and a beta of 0.40. The company has a 50-day moving average of $47.52 and a 200-day moving average of $45.43. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.69 and a quick ratio of 0.30.

Campbell Soup (NYSE:CPBGet Rating) last released its earnings results on Wednesday, June 8th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. Campbell Soup had a net margin of 11.23% and a return on equity of 26.07%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business earned $0.57 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Campbell Soup will post 2.83 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Thursday, July 7th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, July 6th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.05%. Campbell Soup’s dividend payout ratio is presently 47.28%.

In related news, EVP Craig Slavtcheff sold 13,110 shares of the firm’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $47.00, for a total transaction of $616,170.00. Following the completion of the transaction, the executive vice president now owns 32,242 shares of the company’s stock, valued at $1,515,374. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Stanley Polomski sold 10,335 shares of the firm’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $48.20, for a total transaction of $498,147.00. Following the transaction, the vice president now directly owns 28,176 shares of the company’s stock, valued at approximately $1,358,083.20. The disclosure for this sale can be found here. Company insiders own 35.62% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPB. Parkside Financial Bank & Trust increased its stake in Campbell Soup by 149.8% during the first quarter. Parkside Financial Bank & Trust now owns 597 shares of the company’s stock worth $27,000 after acquiring an additional 358 shares during the last quarter. Covestor Ltd increased its holdings in shares of Campbell Soup by 79.0% in the 1st quarter. Covestor Ltd now owns 3,891 shares of the company’s stock valued at $173,000 after acquiring an additional 1,717 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Campbell Soup by 11.4% in the 1st quarter. Advisors Asset Management Inc. now owns 4,170 shares of the company’s stock valued at $186,000 after acquiring an additional 427 shares during the period. Cibc World Market Inc. acquired a new position in Campbell Soup in the 1st quarter valued at $203,000. Finally, Captrust Financial Advisors increased its stake in Campbell Soup by 44.5% in the 1st quarter. Captrust Financial Advisors now owns 4,981 shares of the company’s stock valued at $222,000 after buying an additional 1,533 shares during the period. Institutional investors and hedge funds own 51.89% of the company’s stock.

Campbell Soup Company Profile (Get Rating)

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products 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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Earnings History and Estimates for Campbell Soup (NYSE:CPB)

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