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

Campbell Soup (NASDAQ:CPB) shares hit a new 52-week low on Monday . The stock traded as low as $37.61 and last traded at $37.93, with a volume of 131724 shares trading hands. The stock had previously closed at $37.74.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com raised shares of Campbell Soup from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. Piper Sandler upgraded Campbell Soup from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $47.00 to $56.00 in a report on Thursday, November 14th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday, September 20th. Barclays reduced their price target 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 lowered their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Campbell Soup currently has an average rating of “Hold” and a consensus price target of $50.75.

Campbell Soup Stock Performance

The stock has a 50 day moving average of $42.93 and a 200 day moving average of $46.40. 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 cap of $11.57 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.96 and a beta of 0.19.

Campbell Soup Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 4.02%. Campbell Soup’s payout ratio is presently 85.25%.

Insider Buying and Selling

In other news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares of the company’s stock, valued at approximately $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup in the 2nd quarter valued at approximately $32,000. nVerses Capital LLC bought a new position in Campbell Soup in the 3rd quarter valued at approximately $34,000. Ashton Thomas Securities LLC acquired a new stake in Campbell Soup in the third quarter valued at approximately $39,000. Friedenthal Financial bought a new stake in shares of Campbell Soup during the third quarter worth $48,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Campbell Soup by 463.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,747 shares of the company’s stock worth $82,000 after buying an additional 1,437 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

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.