Campbell Soup (NASDAQ:CPB) Sets New 12-Month Low – Time to Sell?

The Campbell Soup Company (NASDAQ:CPB) reached a new 52-week low during trading on Monday . The stock traded as low as $36.92 and last traded at $37.36, with a volume of 142917 shares changing hands. The stock had previously closed at $37.53.

Wall Street Analysts Forecast Growth

CPB has been the topic of a number of recent research reports. DA Davidson reiterated a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Wells Fargo & Company lowered their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. Stifel Nicolaus lowered their price target on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Finally, Piper Sandler upgraded shares of Campbell Soup from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $47.00 to $56.00 in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.17.

Campbell Soup Trading Down 0.5 %

The company has a market cap of $11.13 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.59 and a beta of 0.19. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The firm has a fifty day moving average of $40.64 and a two-hundred day moving average of $45.49.

Campbell Soup (NASDAQ:CPB) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. As a group, sell-side analysts predict that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a dividend of $0.39 per share. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. The ex-dividend date was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 4.18%. Campbell Soup’s dividend payout ratio is 85.25%.

Insiders Place Their Bets

In related news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now directly owns 16,551 shares of the company’s stock, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 20.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Campbell Soup

A number of large investors have recently modified their holdings of CPB. Franklin Resources Inc. grew its holdings in shares of Campbell Soup by 1,593.8% in the third quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after purchasing an additional 1,792,005 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Campbell Soup by 43.8% during the third quarter. Raymond James Trust N.A. now owns 9,228 shares of the company’s stock worth $451,000 after purchasing an additional 2,809 shares during the period. FMR LLC increased its holdings in Campbell Soup by 34.2% during the 3rd quarter. FMR LLC now owns 165,494 shares of the company’s stock valued at $8,096,000 after purchasing an additional 42,216 shares during the period. Centiva Capital LP bought a new position in Campbell Soup during the 3rd quarter valued at approximately $2,806,000. Finally, Smith Group Asset Management LLC purchased a new stake in Campbell Soup in the 4th quarter worth approximately $293,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

About Campbell Soup

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.