5 Best Food Stocks with Highest Dividends

2. The Campbell’s Company (NASDAQ:CPB)

Dividend Yield as of April 24: 7.44%

On April 23, Morgan Stanley lowered its price target on The Campbell’s Company (NASDAQ:CPB) to $23 from $25 and kept an Equal Weight rating. The firm is revising estimates across its packaged foods coverage to reflect recent trends. The analyst pointed to a tougher commodity outlook, especially after the recent rise in oil.

On April 14, Rob Dickerson of BTIG initiated coverage of Campbell’s with a Neutral rating. The firm said category and brand positioning remain a factor. It also highlighted ongoing volume deleverage, cost inflation, execution disruptions, and mix. Taken together, these issues limit near-term top-line and margin recovery potential, the analyst said in a research note. BTIG added that leverage and tighter cash flexibility support the stock’s current discounted valuation.

The Campbell’s Company (NASDAQ:CPB), formerly Campbell Soup Company, provides affordable food and beverages. It operates through two divisions, Meals & Beverages and Snacks, and manages a portfolio of about 16 brands.