Fri Sep 20 13:07:32 UTC 2024: ## Campbell Soup Declares Quarterly Dividend, Analysts Offer Mixed Opinions

**New York, NY (MarketBeat News) -** Campbell Soup Company (NASDAQ:CPB) announced a quarterly dividend of $0.37 per share, payable on October 28th to shareholders of record on October 3rd. This represents an annualized dividend of $1.48 and a yield of 2.91%. The company has consistently increased its dividend by an average of 1.9% annually over the past three years.

The announcement comes amidst a mixed bag of analyst opinions on the stock. StockNews.com downgraded Campbell Soup to a “sell” rating, while Royal Bank of Canada lifted its target price to $51.00 and maintained a “sector perform” rating. Other analysts, including JPMorgan Chase & Co. and Barclays, also issued price target increases.

Despite these positive developments, Campbell Soup remains a contentious stock among analysts. Three research analysts have rated it a “sell,” seven have issued a “hold” rating, and four have assigned a “buy” rating. The stock currently has an average rating of “Hold” and a consensus price target of $49.69.

Campbell Soup operates through two segments: Meals & Beverages and Snacks. The company manufactures and markets a wide range of food and beverage products, both in the United States and internationally.

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