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

Campbell Soup (NASDAQ:CPB) EVP Anthony Sanzio sold 2,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Campbell Soup Price Performance

Shares of NASDAQ CPB opened at $39.23 on Thursday. The stock’s 50-day simple moving average is $43.71 and its 200-day simple moving average is $46.62. The firm has a market capitalization of $11.69 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19. Campbell Soup has a fifty-two week low of $38.88 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.50 and a current ratio of 0.91.

Campbell Soup Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Thursday, January 2nd. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s payout ratio is currently 85.25%.

Analyst Ratings Changes

CPB has been the topic of several research reports. Citigroup decreased their target price on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised their price objective on shares of Campbell Soup from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Piper Sandler raised 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. DA Davidson reiterated a “neutral” rating and set a $51.00 target price on shares of Campbell Soup in a report on Wednesday, December 4th. Finally, StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. Two research 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’s stock. According to MarketBeat, Campbell Soup presently has an average rating of “Hold” and an average price target of $50.75.

Hedge Funds Weigh In On Campbell Soup

Large investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in shares of Campbell Soup in the 3rd quarter valued at about $34,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Campbell Soup in the second quarter valued at approximately $32,000. Ashton Thomas Securities LLC purchased a new position in shares of Campbell Soup during the third quarter worth approximately $39,000. Sentry Investment Management LLC acquired a new position in shares of Campbell Soup in the 2nd quarter valued at $44,000. Finally, Friedenthal Financial purchased a new stake in Campbell Soup in the 3rd quarter valued at $48,000. Institutional investors and hedge funds 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.