Campbell Soup (NASDAQ:CPB) Sets New 52-Week Low – Time to Sell?

The Campbell Soup Company (NASDAQ:CPB) reached a new 52-week low on Tuesday . The company traded as low as $37.49 and last traded at $37.71, with a volume of 303999 shares trading hands. The stock had previously closed at $38.13.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CPB. Piper Sandler raised Campbell Soup from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $47.00 to $56.00 in a report on Thursday, November 14th. Wells Fargo & Company lowered their price objective on shares of Campbell Soup from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Sanford C. Bernstein upgraded shares of Campbell Soup from a “market perform” rating to an “outperform” rating and raised their target price for the company from $55.00 to $58.00 in a research report on Monday, October 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $51.00 target price on shares of Campbell Soup in a research report on Monday, December 2nd. Finally, Stifel Nicolaus dropped their price target on shares of Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Campbell Soup presently has an average rating of “Hold” and a consensus target price of $50.17.

Campbell Soup Stock Performance

The company has a 50-day moving average price of $41.35 and a two-hundred day moving average price of $45.73. 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 company has a market capitalization of $11.16 billion, a PE ratio of 20.47, a PEG ratio of 2.67 and a beta of 0.19.

Campbell Soup (NASDAQ:CPB) last announced its earnings results on Tuesday, December 3rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.02. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. Analysts predict that The Campbell Soup Company will post 3.15 EPS for the current fiscal year.

Campbell Soup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a $0.39 dividend. The ex-dividend date was Thursday, January 2nd. 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 4.17%. Campbell Soup’s payout ratio is currently 85.25%.

Insider Activity

In other Campbell Soup news, EVP Anthony Sanzio sold 2,000 shares of the 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 completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This represents a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.19% of the company’s stock.

Institutional Trading of Campbell Soup

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. grew its position in Campbell Soup by 1,593.8% during the third 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 during the period. Victory Capital Management Inc. lifted its position in shares of Campbell Soup by 88.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,192,610 shares of the company’s stock valued at $58,342,000 after buying an additional 558,944 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Campbell Soup by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 9,247,213 shares of the company’s stock valued at $387,273,000 after acquiring an additional 531,281 shares during the period. Galvin Gaustad & Stein LLC bought a new stake in Campbell Soup during the 4th quarter worth approximately $14,769,000. Finally, Geode Capital Management LLC boosted its position in shares of Campbell Soup by 6.5% in the third quarter. Geode Capital Management LLC now owns 5,265,615 shares of the company’s stock worth $256,827,000 after purchasing an additional 322,951 shares during the period. 52.35% of the stock is currently owned by 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.