Campbell Soup (NASDAQ:CPB) Sets New 12-Month Low – Here’s What Happened

The Campbell Soup Company (NASDAQ:CPB)’s stock price hit a new 52-week low during trading on Monday . The company 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.

Analysts Set New Price Targets

Several research firms have recently issued reports on CPB. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a research report on Wednesday, December 4th. DA Davidson reaffirmed a “neutral” rating and set a $51.00 price target on shares of Campbell Soup in a report on Wednesday, December 4th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Barclays decreased their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Finally, Wells Fargo & Company dropped their price target on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.17.

Campbell Soup Price Performance

The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.59 and a beta of 0.19. The company has a fifty day moving average price of $40.31 and a two-hundred day moving average price of $45.36.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. On average, equities research analysts expect that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.11%. This is a positive change from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

Insider Buying and Selling at Campbell Soup

In other news, EVP Anthony Sanzio sold 2,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CPB. nVerses Capital LLC acquired a new position in shares of Campbell Soup during the 3rd quarter worth $34,000. Sherman Asset Management Inc. acquired a new stake in shares of Campbell Soup in the fourth quarter valued at about $36,000. Ashton Thomas Securities LLC purchased a new stake in Campbell Soup during the third quarter worth about $39,000. Principal Securities Inc. grew its position in Campbell Soup by 45.5% during the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock worth $39,000 after buying an additional 290 shares during the period. Finally, Kentucky Trust Co purchased a new position in Campbell Soup in the fourth quarter valued at about $42,000. 52.35% of the stock is owned by hedge funds and other institutional investors.

Campbell Soup Company Profile

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.