Campbell’s (NASDAQ:CPB) Hits New 12-Month Low – Time to Sell?

The Campbell’s Company (NASDAQ:CPB)’s share price reached a new 52-week low on Thursday . The stock traded as low as $32.83 and last traded at $32.93, with a volume of 384951 shares trading hands. The stock had previously closed at $33.40.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CPB shares. BNP Paribas raised Campbell’s to a “strong sell” rating in a report on Wednesday, February 26th. Barclays cut their price target on shares of Campbell’s from $40.00 to $35.00 and set an “underweight” rating on the stock in a report on Tuesday, June 3rd. Wells Fargo & Company decreased their price objective on shares of Campbell’s from $40.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, May 30th. Consumer Edge reiterated an “equal weight” rating on shares of Campbell’s in a research note on Monday, March 17th. Finally, DA Davidson reduced their target price on shares of Campbell’s from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, June 9th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Campbell’s has an average rating of “Hold” and an average target price of $40.11.

Campbell’s Stock Down 1.6%

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 business has a 50-day simple moving average of $35.59 and a 200-day simple moving average of $38.61. The company has a market cap of $9.78 billion, a PE ratio of 17.92, a P/E/G ratio of 2.71 and a beta of 0.11.

Campbell’s (NASDAQ:CPB) last announced its earnings results on Monday, June 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. Campbell’s had a return on equity of 23.79% and a net margin of 5.57%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Equities research analysts anticipate that The Campbell’s Company will post 3.15 EPS for the current year.

Campbell’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.76%. Campbell’s’s dividend payout ratio is currently 103.31%.

Insider Buying and Selling

In other news, EVP Charles A. Brawley III sold 2,498 shares of the company’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $40.03, for a total transaction of $99,994.94. Following the completion of the sale, the executive vice president now owns 37,590 shares of the company’s stock, valued at $1,504,727.70. This represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.19% of the company’s stock.

Hedge Funds Weigh In On Campbell’s

A number of institutional investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its holdings in shares of Campbell’s by 27.1% during the 1st quarter. Inspire Investing LLC now owns 7,835 shares of the company’s stock worth $313,000 after purchasing an additional 1,669 shares during the period. Geneos Wealth Management Inc. boosted its stake in Campbell’s by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the period. SageView Advisory Group LLC purchased a new position in Campbell’s during the first quarter worth about $205,000. Bayforest Capital Ltd acquired a new stake in shares of Campbell’s during the first quarter valued at about $354,000. Finally, Woodline Partners LP raised its stake in shares of Campbell’s by 40.9% in the 1st quarter. Woodline Partners LP now owns 16,623 shares of the company’s stock valued at $664,000 after acquiring an additional 4,827 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.

About Campbell’s

The Campbell’s Company, formerly known as 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.