Campbell Soup (NASDAQ:CPB) Sets New 1-Year Low on Insider Selling

Campbell Soup (NASDAQ:CPB) shares reached a new 52-week low during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $40.26 and last traded at $40.45, with a volume of 229883 shares trading hands. The stock had previously closed at $40.50.

Specifically, EVP Anthony Sanzio sold 2,000 shares of Campbell Soup stock in a transaction that occurred 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 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 is accessible through the SEC website.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Campbell Soup from $51.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Citigroup dropped their price target on Campbell Soup from $44.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, December 5th. Stifel Nicolaus reduced their price objective on Campbell Soup from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 5th. TD Cowen increased their target price on Campbell Soup from $47.00 to $51.00 and gave the stock a “hold” rating in a report on Thursday, September 12th. Finally, Sanford C. Bernstein raised shares of Campbell Soup from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $55.00 to $58.00 in a report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.92.

Campbell Soup Price Performance

The business has a 50-day moving average of $43.85 and a 200 day moving average of $46.66. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $12.08 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 2.96 and a beta of 0.19.

Campbell Soup Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.56 annualized dividend and a yield of 3.85%. This is an increase from Campbell Soup’s previous quarterly dividend of $0.37. Campbell Soup’s dividend payout ratio (DPR) is currently 85.25%.

Hedge Funds Weigh In On Campbell Soup

A number of institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Campbell Soup in the second quarter valued at about $32,000. nVerses Capital LLC purchased a new position in Campbell Soup in the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC bought a new position in shares of Campbell Soup during the third quarter valued at $39,000. Sentry Investment Management LLC purchased a new stake in shares of Campbell Soup during the 2nd quarter valued at about $44,000. Finally, Friedenthal Financial purchased a new stake in Campbell Soup during the 3rd quarter valued at $48,000. 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.