Campbell Soup (NASDAQ:CPB) EVP Sells $83,800.00 in Stock

Campbell Soup (NASDAQ:CPB) EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 16,551 shares of the company’s stock, valued at $693,486.90. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Campbell Soup Stock Performance

NASDAQ CPB traded down $1.24 on Monday, hitting $40.50. 2,599,873 shares of the company’s stock were exchanged, compared to its average volume of 2,234,146. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50. The firm’s 50-day moving average price is $43.99 and its two-hundred day moving average price is $46.67. Campbell Soup has a fifty-two week low of $40.26 and a fifty-two week high of $52.81. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.96 and a beta of 0.19.

Campbell Soup Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.85%. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio is currently 85.25%.

Institutional Investors Weigh In On Campbell Soup

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its holdings in shares of Campbell Soup by 3.1% in the 3rd quarter. State Street Corp now owns 10,048,679 shares of the company’s stock worth $491,581,000 after acquiring an additional 298,203 shares during the period. Geode Capital Management LLC lifted its stake in Campbell Soup by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock valued at $256,827,000 after buying an additional 322,951 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Campbell Soup by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock valued at $129,971,000 after buying an additional 363,736 shares in the last quarter. LSV Asset Management lifted its stake in Campbell Soup by 5,022.5% in the 2nd quarter. LSV Asset Management now owns 2,438,300 shares of the company’s stock valued at $110,187,000 after buying an additional 2,390,700 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Campbell Soup by 1,593.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock valued at $91,623,000 after buying an additional 1,792,005 shares in the last quarter. Institutional investors and hedge funds own 52.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPB. DA Davidson reissued a “neutral” rating and issued a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Barclays reduced their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Citigroup reduced their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Finally, Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $47.00 to $56.00 in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Campbell Soup currently has a consensus rating of “Hold” and a consensus target price of $50.92.

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.