Campbell Soup (NASDAQ:CPB) Sets New 52-Week Low – Here’s Why

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on CPB shares. Barclays dropped their price target on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, December 6th. Stephens restated an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Argus upgraded Campbell Soup from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, September 20th. Stifel Nicolaus decreased their price objective on Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 5th. Finally, Wells Fargo & Company decreased their price objective on Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.75.

Campbell Soup Trading Up 0.8 %

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 business’s 50-day moving average price is $43.24 and its two-hundred day moving average price is $46.49. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 2.96 and a beta of 0.19.

Campbell Soup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, January 2nd. Campbell Soup’s payout ratio is currently 85.25%.

Insider Buying and Selling at Campbell Soup

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 20.19% of the company’s stock.

Institutional Trading of Campbell Soup

A number of hedge funds and other institutional investors have recently modified their holdings of CPB. Franklin Resources Inc. grew its stake 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. Wulff Hansen & CO. grew its stake in shares of Campbell Soup by 4,419.0% in the second quarter. Wulff Hansen & CO. now owns 732,530 shares of the company’s stock worth $33,103,000 after purchasing an additional 716,320 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Campbell Soup by 88.2% in the third quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock worth $58,342,000 after purchasing an additional 558,944 shares during the last quarter. Armistice Capital LLC grew its stake in shares of Campbell Soup by 94.0% in the second quarter. Armistice Capital LLC now owns 1,067,914 shares of the company’s stock worth $48,259,000 after purchasing an additional 517,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Campbell Soup by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,876,253 shares of the company’s stock worth $129,971,000 after purchasing an additional 363,736 shares during the last quarter. Institutional investors own 52.35% of the company’s stock.

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.