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

The Campbell’s Company (NASDAQ:CPB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.35 and last traded at $29.3050, with a volume of 2098896 shares trading hands. The stock had previously closed at $29.84.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Campbell’s from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, September 4th. JPMorgan Chase & Co. initiated coverage on shares of Campbell’s in a research report on Wednesday, August 20th. They set a “neutral” rating and a $33.00 target price for the company. DA Davidson set a $30.00 price objective on Campbell’s in a research note on Monday, November 17th. Bank of America upped their price objective on Campbell’s from $29.00 to $30.00 and gave the company an “underperform” rating in a report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Campbell’s in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Campbell’s currently has a consensus rating of “Reduce” and an average target price of $34.47.

Campbell’s Stock Down 1.9%

The firm has a market capitalization of $8.72 billion, a P/E ratio of 14.64, a PEG ratio of 10.63 and a beta of -0.05. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.28 and a current ratio of 0.77. The firm’s 50-day moving average is $30.79 and its 200 day moving average is $31.98.

Campbell’s (NASDAQ:CPB) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Campbell’s had a return on equity of 22.95% and a net margin of 5.87%.The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter last year, the business posted $3.08 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that The Campbell’s Company will post 3.15 EPS for the current fiscal year.

Campbell’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 8th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. Campbell’s’s dividend payout ratio (DPR) is 78.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP grew its stake in shares of Campbell’s by 4.4% in the third quarter. Allworth Financial LP now owns 17,050 shares of the company’s stock valued at $538,000 after buying an additional 718 shares in the last quarter. IFP Advisors Inc acquired a new stake in Campbell’s in the third quarter valued at $37,000. CIBC Bancorp USA Inc. acquired a new position in shares of Campbell’s during the 3rd quarter worth about $2,073,000. Achmea Investment Management B.V. raised its holdings in shares of Campbell’s by 2.3% in the 3rd quarter. Achmea Investment Management B.V. now owns 22,916 shares of the company’s stock valued at $724,000 after purchasing an additional 510 shares during the period. Finally, WBI Investments LLC acquired a new stake in Campbell’s in the 3rd quarter valued at about $307,000. Institutional investors and hedge funds own 52.35% of the company’s stock.

Campbell’s Company Profile

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.